Impacting Lives, Nurturing Community Champions

ANNUAL REPORT 2015 Mission Statement

YMCA of Singapore is a volunteer-based Christian organisation that seeks to serve and impact all members of the community regardless of race, language or religion, through programmes, services and enterprises to develop the body, mind and spirit.

Core Values

COMPASSION To recognise the needs of others especially the last, the lost and the least, then take action to help SERVANT LEADERSHIP To desire to serve first, then to make the conscious choice to take the lead to act HONESTY To speak and embody the truth, to act and to be worthy of trust, and to have integrity in making sure our choices (decisions and actions) are in line with our Christian values ACCOUNTABILITY To be accountable for our behaviour and our actions in meeting our obligations RESPECT To treat others as we would have them treat us and to value the worth of every person EXCELLENCE To strive for best practices

YMCA of Singapore (UEN: S61SS0045E) is registered with the Registry of Societies since 12 April 1961. The Association is a registered charity under the Charities Act since 26 November 1985 and recognised as an Institution of a Public Character by the Commissioner of Charities.

YMCA of Singapore is a member of the following organisations: National Council of Churches of Singapore National Council of Social Service National Youth Council People’s Association Contents

President’s Message ...... 2 2015 in Review...... 3 Board of Directors & Advisory Council...... 4 Organisational Structure...... 6 Committees...... 7 Community Services...... 9 Volunteer Development...... 20 Youth Empowerment ...... 24 Membership & Recreation...... 30 Education...... 37 Hospitality...... 44 International Fellowship & Relations...... 47 Fundraising ...... 49 Thanksgiving...... 50 Corporate Governance ...... 52 Financial Statements...... 57

1 YMCA of Singapore Annual Report 2015 President’s Message

Dear Members and Friends,

It has been a year with many rewarding LOOKING AHEAD moments, as well as some challenges. We In terms of operations and governance, celebrated Singapore’s Golden Jubilee in we have implemented a new finance 2015 and we thank God for His bountiful software system to improve productivity. blessings and for seeing Singapore to Preparations are underway for a customer where it is today. relationship management system targeted for launch in December 2016/January 2017. COMMUNITY SERVICES The new system will enable us to cultivate We are thankful for the continued stronger relationships with volunteers, support that we received from various members and donors. corporations, organisations and individuals during the year which enabled us to sustain We have also conducted a “building our programmes to enrich the lives of our condition assessment” exercise as this is beneficiaries both locally and overseas. the only key physical asset of the YMCA YMCA volunteers were able to play a part of Singapore. Over the next two to three in their educational, emotional, social and years, we will be renovating the building, physical development while also imparting which is funded through the reserves we life skills to help them improve their quality have accumulated. of living. We count it a joy and privilege to serve VOLUNTEER DEVELOPMENT together with you in bringing cheer Volunteers are the heartbeat of YMCA’s and hope to the less privileged in our community service programmes, playing a community in 2015. In the year ahead, let significant role in creating a vibrant, caring us continue to work together to impact society and bringing about meaningful, more lives and nurture socially responsible enduring change in the community through community champions. their acts of service. In over 600 activities all year round, we rely on volunteers In His Service, to undertake diverse roles and tasks to improve the lives of our beneficiaries.

YOUTH EMPOWERMENT CHEW KWEE SAN As the next generation of leaders, youths President have a crucial role to play in shaping our future. All of them have the potential to create significant impact in the community. We will continue to provide and develop new platforms for youths to exercise their skills, knowledge and leadership, so that they are able to step into new roles and lead the change themselves.

2 Impacting Lives, Nurturing Community Champions 2015 in Review

COMMUNITY SERVICES

14,871 146,098 200 beneficiaries served hours of at-risk youths engaged voluntary service

2,101 $50,000 hours in counselling/ disbursed to support intervention & engagement underprivileged sessions for at-risk youths families

VOLUNTEER DEVELOPMENT

10,605 3,220 volunteers mobilised hours of volunteer training conducted

YOUTH EMPOWERMENT

8,140 15,917 $813,315 young community hours of voluntary raised by youths champions engaged service for causes they are passionate about

3 YMCA of Singapore Annual Report 2015 PATRON IN CHIEF His Excellency Dr Tony Tan Keng Yam Board Of Directors President of the Republic of Singapore

OFFICE BEARERS Mr Chew Kwee San President Mr Leslie Wong Kin Wah Vice President Mr Ooi Boon Hoe Vice President Mr Bryan Tan Suan Tiu Mr Chew Kwee San Mr Leslie Wong Kin Wah Honorary Secretary President Vice President Dr Tan Sze Wee Honorary Treasurer

EXECUTIVE COMMITTEE Mr Chew Kwee San President Mr Leslie Wong Kin Wah Vice President Mr Ooi Boon Hoe Vice President Mr Bryan Tan Suan Tiu Honorary Secretary Dr Tan Sze Wee Mr Samuel Chan Wei Mun Mr Steven Chia Oon Seet Honorary Treasurer Ms Koh Shaw Luan Member Mr Stephen Loh Sur Yong Member

BOARD TRUSTEES Mr Lee Liat Cheng Dr Robert Loh Choo Kiat Mr Cecil V R Wong Mr David Wong Cheong Fook

HONORARY LIFE MEMBERS Mr Peter Sim Swee Yam Mr Tan Eng Beng BBM Mr Shaw Vee Meng Mr Harold Shaw Dr Robert Loh Choo Kiat Mr Cecil V R Wong Mr S R Nathan

HONORARY CHAPLAINS Rev Dr Kow Shih Ming Pastor-in-Charge Wesley Methodist Church Rev Dr Graham Ng (till Jan 2016) Senior Minister Mr David Lua Soo Theng Orchard Road Presbyterian Church PBM Co-opted Rev Peter Poon (from Jan 2016) Interim Senior Minister Orchard Road Presbyterian Church

HONORARY LEGAL COUNSELS Mr Peter Sim Swee Yam Mr Bryan Tan Suan Tiu Mr Laurence John Wee

4 Impacting Lives, Nurturing Community Champions Mr Ooi Boon Hoe Mr Bryan Tan Suan Tiu Dr Tan Sze Wee Mr Stephen Loh Sur Yong Vice President Honorary Secretary Honorary Treasurer PBM Immediate Past President Co-opted

Dr Thomas Choong Mr Ho Chee Hon Ms Koh Shaw Luan Mrs Magdalene Sik Ying Chuan Swee Hiang

Mr Peter Tay Yew Beng Mr Eric Teng Heng Chew Mr Teo Zi-Ming Mr Lee Liat Cheng BBM BBM Co-opted YMCA Advisory Council

Mr S Dhanabalan Mr Andrew Ang Mr Khoo Boon Hui Mr Jonathan Larsen Chairman PBM PPA, PBS, PJG

Mr Lee Liat Cheng Mr Tan Gee Paw Mrs Mildred Tan Mr Tay Puan Siong BBM PPA, PJG BBM JP, PBM

5 YMCA of Singapore Annual Report 2015 Organisational Structure

Advisory Board Of Directors Council

Governance Executive Administrative Committees Committee Committees

Advisory & Resource Committees Management Events Committees

MANAGEMENT TEAM PROGRAMMES Mr Lo Chee Wen Mr Andrew Leo General Secretary Assistant General Manager, Programmes Ms Lynette Yeo Mr Victor Poh Assistant General Secretary, Social Enterprises Senior Manager, Community Service Programmes & Ms Samantha Seah Project Bridge Assistant General Secretary, Programmes Ms Sharon Chan Mr Francis Chong Assistant Manager, Youth Development Programmes General Manager, Corporate Services Mr Henry Tie Mr Joseph Chow Assistant Manager, Volunteers Programme General Manager, YMCA International House CORPORATE SERVICES SOCIAL ENTERPRISES Ms Claris Oon Mrs Helen Tan Senior Manager, Human Resource & Administration Principal, YMCA School Mr Samuel Ng Mr Joe Heng Manager, Corporate Affairs Head, Higher Education & Business Development Mr Evan Sim Ms Mabel Chia Project Manager, IT Cluster Principal, YMCA Child Development Centres Ms Tok Mei Ji Cluster Supervisor, YMCA Student Care Centres Ms Elsie Kwow Senior Manager (Rooms & Marketing), YMCA International House

6 Impacting Lives, Nurturing Community Champions Committees

AUDIT COMMITTEE CHRISTIAN DEVELOPMENT STAFF COMMITTEE Mr Leslie Wong (Chairman) COMMITTEE Ms Koh Shaw Luan (Chairman) Mr Peter Tay Mr Teo Zi-Ming (Chairman) Mr Stephen Loh Mr David Wong Dr Kwa Kiem Kiok Mr Leslie Wong Mr Samuel Chan Rev Dr Kow Shih Ming (Hon Chaplain) Mrs Magdalene Sik Dr Tan Sze Wee (Ex-Officio) Rev Dr Graham Ng (Hon Chaplain) Mr Lakshmi Narayanan Mr David Goh (Secretariat) (Till Jan 2016) Ms Karen Chou Rev Peter Poon (Hon Chaplain) Ms Claris Oon (Secretariat) NOMINATIONS COMMITTEE (From Jan 2016) Mr Eric Teng (Chairman) Mr Wayne Choong YMCA PROJECT BRIDGE COMMITTEE Mr Tay Puan Siong Mr Lawrence Ko Mr Stephen Loh (Chairman) Mr Lee Liat Cheng Mr Edward Ong Mr Eric Teng Mr David Wong Mr Tan Eng Beng Mr Teo Zi-Ming Dr Robert Loh Mr Peter Tay Mr Lee Liat Cheng Mr Leslie Wong Ms Elayne Dalsen (Secretariat) Mr David Wong Mr Peter Tay Yew Beng Mr Edward Ong Mr Lo Chee Wen (Secretariat) COMMUNITY SERVICES Ms Packiam Williams PROGRAMMES COMMITTEE Mr Shanon Lim (Secretariat) YMCA EDUCATION CENTRE ACADEMIC Mr Samuel Chan (Chairman) & EXAMINATION BOARDS Mr Teo Zi-Ming YMCA-NUS BUSINESS SCHOOL Mr Andrew Chew (Chairman) Mr Daniel Ng (Y’s Men) VOLUNTEER SERVICE MANAGEMENT Mrs Helen Tan (Secretary) Mr Mark Ong PROGRAMME COMMITTEE Dr Christina Ratnam Ms Grace Tan Mrs Magdalene Sik (Chairman) Mrs Irene Tay - Koh Chye Choo Mr Ryan Yang Mr Peter Tay Dr Yap Meen Sheng Mr Victor Poh (Secretariat) Prof Albert Teo Ms Lynette Yeo Mr Edward Lee Mr William Tan EDUCATION COMMITTEE Dr Anne Marie Guitierrez Mr Joe Heng (From Feb 2016) Mr Kenneth Tan (Co-Chair) Ms Gracelyn Ho Mr Abraham Ho Dr Thomas Choong (Co-Chair) Ms Samantha Seah (Secretariat) (Only Examination Board) (Till Mar 2016) Mrs Magdalene Sik (Vice Chair) Mrs Helen Tan (Secretariat) Mrs Chan Jee Kun YOUTH & VOLUNTEER DEVELOPMENT Mrs Susan Chan COMMITTEE FUNDRAISING COMMITTEE Mr Andrew Chew Mr Teo Zi-Ming (Chairman) Mr Eric Teng (Chairman) Ms Carolyn Lints Mr Samuel Chan All Board Directors Ms Pauline Tan Mr Sam Tan Mr Lo Chee Wen (Secretariat) Mrs Irene Tay-Koh Ms Jamie Chan Ms Lynette Yeo (Secretariat) Ms Cheryl Chen YMCA FACES COMMITTEE Mr Eddy Han Mr Steven Chia (Chairman) INTERNATIONAL HOUSE COMMITTEE Mr Zhao Wen Wei Dr Chong Kian Tai Mr Ooi Boon Hoe (Chairman) Mr Tan Wei En Mr Quek Kwang Yong Mr Lee Liat Cheng (Vice Chair) Mr James Yoon Mr Bryan Tan Mr Peter Sim Mr Lin Yi Han Ms Loo Tze Lui Mr Choe Peng Sum Mr Gareth Tan Ms Ronda Ng Doswell Mr Derrick Kuek Ms Crystal Chua Ms Eunice Tan Mr Tan Eng Beng Ms Samantha Seah (Secretariat) Ms Tan Sze Wee Dr Ivor Thevathasan Ms Melissa Khoo (From July 2015) Ms Pakiam Williams YMCA IT TASK FORCE Ms Elayne Dalsen (Secretariat) Ms Tan Tjioe Jan Mr Tay Puan Siong (Chairman) Mr Kenneth Kominski Mr Stephen Loh INVESTMENT COMMITTEE Mr Joseph Chow (Secretariat) Mr Leslie Wong Mr Chew Kwee San (Chairman) Dr Thomas Choong Mr Ed Ng INTERNATIONAL PROGRAMMES Mr Alvin Chan Dr Tan Sze Wee COMMITTEE Mr Evan Sim (Secretariat from Jan 2015) Mr Colin Chen Mr Teo Eng Cheong (Chairman) Mr Kisahwan (Secretariat) Mr Stephen Loh Mr Chew Kwee San Mr David Lua Mr Alan Heng 16TH YMCA CHARITY GOLF 2015 Mr Peter Tay Mr Joachim Goh COMMITTEE Mr Quah Jin Kok (Secretariat) Ms Janice Liow Mr Ee Kuo Ren (Chairman) Ms Abigail Chan Hui En Dr Thomas Choong TENDER COMMITTEE Mr Andrew Leo (Secretariat) Mr Jimmy Goh Mr Tan Eng Beng (Chairman) Mr Peter Tay Mr Chew Kwee San PUBLICITY COMMITTEE Mr Peter Sim Dr Tan Sze Wee Mr Ho Chee Hon (Chairman) Ms Jean Chan Mr Ivan Chan Ms Leanne Sim Ms Annie Lin Mr Samuel Chan Ms Julie Tan Ms Karen Chan Mr Francis Chong (Secretariat) Mr Eric Teng Mr David Lim Mr Samuel Ng (Secretariat) Ms Samantha Seah (Secretariat) Ms Theresa Li (Secretariat) Ms Sheila Ratnam (Secretariat) Mr Balbir Singh (Secretariat till May 2015)

7 YMCA of Singapore Annual Report 2015 Committees

YMCA GIVING GALA 2015 COMMITTEE CITI-YMCA YOUTH FOR CAUSES 2015 INTERNATIONAL Y’S MEN’S CLUB OF Mr Peter Tay (Chairman) SELECTION & AWARDS COMMITTEE SINGAPORE (ALPHA CHAPTER) Mr Peter Sim Mr Thomas Pramotedham (Chairman) Mr Ivan Koh (President) Mr Eric Teng Dr Benjamin Tan Mr Daniel Ng (Vice-President ) Mr Ivan Koh Mr Steven Chia Mr Peter Tay (Immediate Past President) Mr John Yap Mr Owen Hawkes Mr David Lua (Hon Secretary) Ms Gracelyn Ho Mr Ho Chee Hon Mr Stephen Loh (Hon Treasurer) Dr Thomas Choong Mr Leslie Wong Mr Edward Ong (Christian Emphasis) Mr Loh Tong Soon Ms Caroline Loke Mr Cheong Karm Ho (Fellowship) Ms Samantha Seah (Secretariat) Ms Ng Hau Yee Rev Dr P J John (Inventory) Mr Francis Chong (Secretariat) Ms Ong Ee Ing Mr James Tan (Membership) Mr Samuel Ng (Secretariat) Ms Jacquelyn Tan Ms Chan Soon Sim (Programme) Ms Jean Chai (Secretariat) Mr Andrew Leo (Secretariat) Mr Lee Liat Cheng (Projects) Mr Randall Chng (Secretariat) Mr David Lee (Secretariat) Ms Patricia Lim (Publicity) Ms Shirlyn Tan (Secretariat) Mr John Yap (Webmaster) 9TH YMCA MANDARIN SPEAKING Ms Cheryl Chen (Secretariat) Mr Freddie Lee (Sports & Recreation) AWARDS COMMITTEE Ms Samantha Seah (Ex-Officio) Mr Jason Lee (Youth) Mr Kenneth Tan (Chairman) Ms Doris Moh (World Outlook) Mr Ma Poh How UNI-Y SINGAPORE MANAGEMENT Mr Eric Teng (Hon Auditor) Mr Toh Teck Wang UNIVERSITY EXECUTIVE COMMITTEE Mr Ma Poh How (Hon Auditor) Mrs Lim Ler Chew Ms Chen Siru (President) Ms Lim Geok Leng Ms Lee Zhen Zhen (Vice-President) YMCA ENGLISH TOASTMASTERS CLUB Ms Trudy Loh Mr Andrew Tang Wei Ming Mr Kelvin Au (President) Ms Wong Lee Jeng (Vice-President) Mr Danny Loh (Vice-President) Ms Jennifer Yin Mr Timothy Chua Cheng Jie Ms Naomi McGovern (Vice-President) Ms Jean Chai (Secretariat) (Vice-President) Ms Kaushik Bhanushali, CC Mr Tan Yong Kiong, Alson (Vice-President) 29TH YMCA PLAIN ENGLISH SPEAKING Ms Lam Jing Hui Ms Pooja Sanyal (Secretary) AWARDS COMMITTEE Mr Tan Choon Kiat David Ms Woon Hui Low (Treasurer) Mr Bryan Tan (Chairman) Ms Ng Si Jia Mr Wilson Bok (Sergeant-at-Arms) Mr Simon Charles Reynolds Ms Lynette Chang Yu Bin Ms Amy Chan (Immediate Past President) Mr John Tan Mr Lim Jun Xian Mr Matt Winchester Ms Gwee Jia Xuan YMCA MANDARIN TOASTMASTERS Mrs Vimala Alexander Ms Tan Lee Shan Tammy CLUB Ms Lim Geok Leng Mr Tang Tuck Yuan Matthew Ms Barbara Kang (President) Ms Jennifer Yin Ms Jaslin Loh Zhi Hui Mr Peter Ng (Vice-President) Ms Trudy Loh Ms Zhang Ling (Vice-President) Ms Christabel Sim UNI-Y NANYANG TECHNOLOGICAL Ms SoeHtayLatt Lat (Vice-President) Ms Jean Chai (Secretariat) UNIVERSITY EXECUTIVE COMMITTEE Ms Teh Suk Yen (Secretary) Ms Tan Hui Ping (President) Mr Wilson Mok (Treasurer) CITI-YMCA YOUTH FOR CAUSES 2015 Ms Ng Yiling (Vice-President) Mr Oliver Darrieux (Sergeant-at-Arms) COMMITTEE Ms Susan Goh Su Min (Vice-President) Mr Ho Chee Hon (Chairman) Mr Kasi Gopikanna Nadarajan YMCA FOLK DANCE GROUP Mr Leslie Wong Ms Corrinne Kang Kai Ying Mr Michael Kitara Tay (President) Dr Tan Sze Wee Ms Clarice Chan Jia Hui Ms Carrie Chen (Vice-President) Mr Steven Chia Mr Li Hezan Martin Edgar Ms Donica Aw (Hon Secretary) Mr Ooi Boon Hoe Ms Le Thi Mai Phuong Ms Quek Swee Choo (Asst Hon Secretary) Mr Thomas Pramotedham Mr Amos Kuek Qi Xiang Ms Charlotte Tok (Hon Treasurer) Mr Adam Rahman Ms Rachel Leong Ann Lee Ms Juliana Tay (Asst Hon Treasurer) Mr Tay Puan Siong Ms Lim Li Ying Ms Grace Lee Ms Jacquelyn Tan Ms Amy Lee Mr Andrew Leo (Secretariat) UNI-Y NATIONAL UNIVERSITY OF Ms Ros Cheong Mr David Lee (Secretariat) SINGAPORE EXECUTIVE COMMITTEE Ms Shirlyn Tan (Secretariat) Mr Koh Jun Shyang (President) Ms Cheryl Chen (Secretariat) Ms Tan Wen Ying Gio (Vice-President) Ms Samantha Seah (Ex-Officio) Mr Tan Jing Qun (Vice-President) Ms Esther Chew Yin Hui (Vice-President) Ms Loh Wei Ting Charlene Ms Tan Jie Qi Lynette Ms Chooi Jynn Lin Ms Yeo Yen Yen Andrea Ms Lim Sok Chin Mr Leroy Chua Zhe Yu Ms Lee Siew Ching, Alicia As stipulated in the YMCA Constitution, Ms Li Di President and General Secretary of YMCA Mr Kolin Kwok Chee Wai of Singapore are ex-officios in all YMCA Ms Koh Yan Ting Michelle Committees. The above committees are Ms Chelsi Teo Qizi appointed for the period of 2015/2016.

8 Impacting Lives, Nurturing Community Champions A Channel of Blessing

Through our local and overseas community service programmes, YMCA of Singapore strives to be a channel of blessing to impact lives and nurture community champions. I remember very fondly the first time Christian Outreach to the Handicapped (COH) attended Y Camp Challenge – some of our beneficiaries had the opportunity to kayak. In subsequent years, they participated in rock climbing including the high rope confidence activity. I was very happy to see that they overcame their disabilities and emerged champions!

Samuel Koh, Executive Director, Christian Outreach to the Handicapped A Channel of Blessing

YMCA-Tan Chin Tuan Community Service Programmes

Through 16 YMCA-Tan Chin Tuan Community Service Programmes, YMCA seeks to bring cheer and enrich the lives of the intellectually and physically challenged, under-privileged children, the hearing impaired, the elderly and the poor. The programmes are all volunteer-driven and allow individuals from all walks of life to contribute meaningfully to the community.

11 YMCA of Singapore Annual Report 2015 Social Outcome in numbers

3,934 beneficiaries

3,817 volunteers

56,312 $1.13m* volunteering worth of time hours

131 activities (25%) Total 215 activities 517 (42%) activities 171 activities (33%)

Disability sector 16 Elderly sector programmes Children & Youth sector

*based on the average $20 per hour wage of a service sector employee (Source: NVPC, Dec 2010)

12 Impacting Lives, Nurturing Community Champions A Channel of Blessing

HIGHLIGHTS • YMCA Silver Fiesta 2015 was held from 10 to 11 September at Toa Payoh HDB Hub. Over 620 senior citizens from 19 Voluntary Welfare Organisations participated in the programmes which include performances, handicraft and games. PRIME (UK), a contemporary dance group from Scotland comprising nine dancers over the age of 62, took the stage at the event to promote active ageing.

• After a two year hiatus, Y Movie Treats was relaunched on 14 March 2015. The programme is supported by a dedicated group of volunteers from the Singapore-Industry Scholarship (SgIS). Between March to May 2015, 22 beneficiaries from Bishan Home for the Intellectually Disabled and over 30 volunteers including 15 committee members from SgIS participated in three runs of Y Movie Treat.

• In 2015, volunteers from NTUC FairPrice and International Y’s Men’s Club of Singapore (Alpha Chapter) gave their time to accompany the wheelchair-bound elderly from SARAH Seniors Activity Centre to shop for groceries under Y Outing. The volunteers also bonded with the elderly during an outing to the Trick Eye Museum on 22 December.

• To commemorate the 10th Anniversary of Y Camp Challenge, 78 beneficiaries from AWWA School, Bishan Home, Christian Outreach to the Handicapped, MINDS Clementi Training & Development Centre, MINDSville @ Napiri and Rainbow Centre – Yishun Park School and 116 volunteers joined in the grand celebration from 4 to 6 September 2015 at the 35th Y Camp Challenge. The camp committee launched the 10th Anniversary notebook which recorded the testimonies from the volunteers and VWO staff and also created a 10th Anniversary wall at the camp to recognise the volunteers of past and present.

YMCA-TAN CHIN TUAN COMMUNITY SERVICE PROGRAMMES

Y Arts Challenge Y Camp Challenge Y Confidence Y Dance Outreach Y Food of Love Y Makan Fellowship Y Movie Treats Y Nature Walk Y Outing Y Photo Club YMCA Proms @ The Park Y Reading Club Y Spring Clean YMCA Silver Fiesta Y Sports Y Visit

13 YMCA of Singapore Annual Report 2015 YMCA International Service Programmes

Through YMCA International Service Programmes (ISP), YMCA of Singapore collaborates closely with regional YMCA counterparts to reach out to the communities in Cambodia, China, Indonesia, Laos, Myanmar, Nepal, Philippines, Sri Lanka, Thailand and Vietnam. Volunteers would be involved in community development projects which focus on improving education, infrastructures, healthcare and capacity building, with the aim of empowering these communities.

YMCA administers funds from the National Youth Council to support volunteers for the Youth Expedition Project (YEP). This support enables youths to embark on service-learning expeditions to make a difference to overseas communities.

14 Impacting Lives, Nurturing Community Champions A Channel of Blessing

Social Outcome in numbers

10,937 beneficiaries

1,184 volunteers

89,786 61 10 volunteering trips countries hours

15 YMCA of Singapore Annual Report 2015 YMCA ISP Destinations

Country Number of Number of trips Number of beneficiaries volunteers Cambodia 1,635 24 422 China 1,528 4 86 Indonesia 495 4 93 Laos 1280 5 70 Myanmar 2169 5 76 Nepal 350 2 39 Philippines 1151 3 56 Sri Lanka 400 1 15 Thailand 350 2 51 Vietnam 1579 11 278 Total 10,937 61 1,186

China

Nepal

Myanmar Vietnam Laos Thailand Cambodia Philippines

Sri Lanka

Indonesia

HIGHLIGHTS • In 2015, YMCA of Singapore expanded the ISP outreach to new destinations – Bali (Indonesia), Bhakunde Besi (Nepal), Lijiang (China), Maubin (Myanmar), Pandan and Tambaliza (Philippines) and Tuy Hoa (Vietnam).

• Under the Rebuilding Communities Programme, 19 YMCA volunteers travelled to Bhakunde Besi, Nepal in October for the first time, and spent a week to build 30 shelters which can house at least 10 people each for families who have lost their homes during the April 2015 Nepal earthquake. The volunteers also provided relief and support to the needy families through the distribution of food and household items.

• A YEP Sharing and NYC YOUTHSPEAK session organised by YMCA of Singapore was held on 8 May 2015 at *SCAPE Gallery with 104 participants. Guest speaker Dr Tan Lai Yong shared his community work experiences in Yunnan, China, and two other YEP teams who served in Philippines and India also shared their trip experiences to encourage volunteerism.

• In 2015, two exchange trips were held for 53 participants from Kumamoto YMCA in September and 26 participants from Chuncheon YMCA in December.

16 Impacting Lives, Nurturing Community Champions A Channel of Blessing

YMCA FACES

The YMCA Financial Assistance and Capability for Employment HIGHLIGHTS Scheme (FACES) comprises: • In January 2015, YMCA hosted some 40 representatives from 10 SHORT TERM FINANCIAL ASSISTANCE partnering organisations at the Provides families-in-need with supplementary financial aids in YMCA FACES Partners’ Appreciation the form of food and transportation vouchers for one to three Dinner. months. Beneficiaries include single-parent families and families going through difficult transition periods. • As part of YMCA’s Christmas outreach effort, YMCA staff BRIDGING FUND donated money to bless the needy Provides maximum disbursement of $50 per walk-in client for families under FACES through the emergency situations. Christmas Gift Project. A total of 200 gifts-in-kind such as food EMPLOYMENT TRAINING hampers, infant care needs and Provides trainee positions at YMCA International House to students kitchen tools were purchased and with special needs with the purpose of instilling real life training distributed to the beneficiaries skills and confidence in interacting with the public. who include teenage mothers, the unemployed, low income families and the elderly.

Social Outcome in numbers

60 $50,000 families helped disbursed

17 YMCA of Singapore Annual Report 2015 YMCA Project Bridge

YMCA Project Bridge reaches out to youths-at-risk and out-of- school youths through meaningful programmes, with the aim to integrate them back into the society.

ENHANCED STEP-UP PROGRAMME YMCA is a Ministry of Social and Family Development (MSF)- approved service provider of Enhanced STEP UP (ESU), an initiative by MSF to support students with absenteeism issues to improve their school attendance, and assist out-of-school youths so that they may return to school or be meaningfully engaged. The ESU programme consists of casework and counselling, family intervention, group work and/or life skills training for students- at-risk.

DROP-IN YOUTH PROGRAMME The Drop-In Youth Programme is an interventional youth engagement platform, which reaches out to out-of-school-youths as well as youths-at-risk between the ages of 13 to 19 years. It is designed to create a conducive environment that draws out the talents and potential of the youths through guidance, counselling, outdoor activities, adventure camps and life skills programmes.

Social Impact in numbers 200 2,101 youths hours in counselling/ reached intervention & engagement sessions

DROP-IN YOUTH PROGRAMME 24 200 youths hours of engagement supported conducted by Project Bridge staff

ENHANCED STEP-UP PROGRAMME 95 750 youths sessions of counselling supported provided

18 Impacting Lives, Nurturing Community Champions A Channel of Blessing

VOCATIONAL AND SOFT SKILLS PROGRAMME The Vocational and Soft Skills Programme (VaSSP) was spearheaded by YMCA Project Bridge in July 2011 and aims to equip out-of-school youths and youths-at-risk between 15 to 21 years-old with job competency as well as specific vocational skills in Baking, Barista, Culinary Art, Hairdressing, Hospitality in Food and Beverage, Horse Stable Management, Makeup, Web Design, Manicure and Pedicure.

HIGHLIGHTS • In 2015, VaSSP has expanded its vocational training to include web design, manicure and pedicure, barista and horse stable management courses. • 15 youths visited Capella Singapore on 31 March as part of Capella’s Dream Big Programme where they met and learnt from experts in the fields of hospitality, baking and beauty. • Toni & Guy came on board the Social Impact in numbers VaSSP as an employer in 2015. • Two J.P. Morgan volunteers participated and shared their expertise in a financial management class organised 74 for 15 youths from VaSSP on 27 youths November 2015. • The YMCA Project Bridge VaSSP graduation ceremony took place on 4 December 2015 and was 81% attended by over 130 guests * who gathered to celebrate the success rate achievements of 60 graduates who received their certificates for *Success is defined as youths who have secured work attachments, employment or completing the programme. returned to school to continue education

19 YMCA of Singapore Annual Report 2015 A Champion for Volunteerism

Volunteers are the bedrock of all community initiatives. Through their dedication and altruism, YMCA’s volunteers are the key drivers of sustainability across all our community service programmes to bring cheer and enrich the lives of the beneficiaries.

YMCA of Singapore strives to groom our volunteers and cultivate their talents and strengths to enhance their ability to contribute to the community. Through volunteering, I meet people with good hearts who are willing to serve regardless of race, religion and nationalities. I see happy faces and smiles, and as a result of these overseas volunteer trips, I see that lives are changed for the better, and this satisfaction spurs me to keep on volunteering.

Eddy Han, Volunteer, International Service Programmes YMCA-Lim Kim San Volunteers Programme

The YMCA-Lim Kim San Volunteers Programme was introduced in 2007 to develop volunteer capabilities and promote corporate volunteerism. Through training and development programmes, YMCA aims to build a well-trained and sustainable volunteer corps to better serve the needs of our beneficiaries. Various platforms are also provided for corporations to embrace Corporate Social Responsibility.

VOLUNTEER DEVELOPMENT The YMCA-NUS Business School Volunteer Service Management Programme is a professional certificate to honour individual and corporate volunteers for their course that equips volunteers and staff of non-profit spirit of altruism and volunteer work in serving the organisations with relevant management skills to less-privileged. implement community service programmes. In 2015, 50 volunteers and staff from Voluntary Welfare Over 140 individuals, educational institutions and Organisations participated in the programme. corporations received awards across nine categories. Sean Ng, Tan Hui Ping and Eddy Han received the VOLUNTEER RECOGNITION Outstanding Volunteer Award for their sterling efforts The YMCA-Lim Kim San Volunteers Programme for not only volunteering, but also for inspiring others Volunteer Awards Night was held on 15 January 2016 to serve the community.

Social Outcome in numbers

10,605 17 9 3,220 volunteers sustained new corporate volunteer training mobilised corporate volunteers hours volunteers

22 Impacting Lives, Nurturing Community Champions A Champion for Volunteerism

PROMOTING CORPORATE SOCIAL RESPONSIBILITY HIGHLIGHTS • From June to December 2015, Superior Multi Packaging Limited YMCA PROMS @ THE PARK sponsored monthly sessions of Y Outing with Melrose Home. A YMCA Proms @ the Park is total of 105 volunteers befriended 67 children and they brought YMCA’s main platform to promote them on outings to various places which include LongKang corporate volunteerism and Fishing, Air Force Museum and Marina Barrage. engage corporations to embrace Corporate Social Responsibility. • On 23 December 2015, 52 volunteers from Lateral Solutions In 2015, over 2,000 participants brought cheer to 45 elderly from COMNET @ Teck Ghee Senior including beneficiaries, volunteers, Activity Centre through Y Makan Fellowship, over fun games and YMCA staff, performers, and the a sumptuous lunch. public participated in the event which was held at Gardens by the Bay on 25 July.

Social Outcome in numbers

381 723 154 beneficiaries from volunteers in total staff volunteers from 10 21 corporations VWOs

23 YMCA of Singapore Annual Report 2015 A Cultivator of Community Champions

Youths, with their dreams and aspirations, are our future. With their passion and zeal, youths can be driven by their ideals to shape lives and make a difference to the community.

YMCA of Singapore aims to develop and empower youths to realise their full potential and emerge as responsible community champions who can positively impact society. Through Sidewalk Gallery Café, I have been given the opportunity to serve and give back to society. However, I have received much more in return as the programme has served as a great platform to learn through experience and implement new initiatives. It has also developed my perspective on social enterprises, which is invaluable as I venture deeper into social entrepreneurship.

Andrea Yeo, Director of Social Enterprise Programmes, Uni-Y NUS YMCA Youth Development Programmes

YMCA of Singapore aims to develop and empower youths, to harness their talents and shape their aspirations, so that they realise their full potential and emerge as responsible community champions who can positively impact society.

YMCA SPEAKING AWARDS The annual YMCA Plain English Speaking Awards (PESA) and YMCA Mandarin Speaking Awards (MSA) are national level public speaking competitions aimed at students to develop their abilities to think and communicate effectively. Experiential learning trips are incorporated into the competition to enrich and inspire the participants.

29th YMCA 9th YMCA Plain English Speaking Mandarin Speaking Awards Awards 1 July – 20 August 11 March – 22 May

415 212 participants participants

26 Impacting Lives, Nurturing Community Champions A Cultivator of Community Champions

CITI-YMCA YOUTH FOR CAUSES Citi-YMCA Youth For Causes (YFC) is a community initiative started by Citi and the YMCA of Singapore to promote social entrepreneurship and community leadership development among Singapore youths. It provides youths aged 15 to 25 with a platform which includes seed funding, training and volunteer mentorship for executing self-initiated projects to raise public awareness, funds and mobilise volunteers for Voluntary Welfare Organisations (VWOs) of their choice.

YFC complements the “Values in Action” (VIA) programme as part of Ministry of Education’s Character and Citizenship Education as youths will demonstrate values of harmony, respect and responsibility as they champion their social causes.

Social Outcome in numbers

175 26 5,451** proposal submissions schools represented by 100 volunteers selected teams mobilised

100 46 mentors VWOs supported

$160,000 $813,315 1,035,088** seed funding raised public outreach

**Figures are extracted from the Participants’ Final Reports

27 YMCA of Singapore Annual Report 2015 University-YMCA Singapore

HIGHLIGHTS • As part of SG50 and its 10th Anniversary celebrations, Uni-Y Singapore launched the #10kful campaign and created a mural with the largest collection of reasons that people are thankful for. Comprising 10,000 coasters filled with messages of thanks and gratitude, the mural was unveiled at YMCA Proms @ the Park, which Founded in 2005, University-YMCA (Uni-Y) Singapore is the took place at Gardens by the Bay university service club of YMCA of Singapore. Uni-Y aims to on 25 July 2015. The feat earned develop and empower youth to be servant leaders who will impact Uni-Y Singapore a place in the our local and international communities. It fulfills its mission Singapore Book of Records. During through community service and social enterprise programmes, the event, the Uni-Y leaders and and delivery of personal and leadership development programmes freshmen brought fun and joy to to holistically nurture its members and volunteers. Uni-Y has over 60 beneficiaries from Bishan service clubs in National University of Singapore (NUS), Nanyang Home, Blue Cross Thong Kheng Technological University (NTU) and Singapore Management Home and Thye Hua Kwan Seniors University (SMU). Activity Centre @ Ang Mo Kio Blk 645 over carnival games, activities UNI-Y STEP UP 2015 and the concert. Uni-Y Step Up is a flagship programme of Uni-Y Singapore that aims to provide freshmen of NUS, NTU and SMU with a fun, purposeful • In 2015, Uni-Y SMU launched Y and meaningful orientation experience. It aims to enthuse and Craft It!, where volunteers engage unite participants to initiate positive societal action and step up to and impart values and life skills serve the community during their university years. to children, particularly those from underprivileged households, In 2015, Uni-Y NUS held their camp from 22 to 25 July and Uni-Y through art and craft activities. NTU from 23 to 26 July. Both camps had a combined service day at • On 14 March 2015, Uni-Y Singapore Y-Carnival which was part of YMCA Proms @ the Park 2015 as they organised the 5th installation of served and brought cheer to a large group of beneficiaries. The YMCA Conversation Series: Special Seeds, Growing Your UNI-Y COMMUNITY CHAMPIONS PROGRAMME Child’s Potential, which aimed The Uni-Y Community Champions Programme (CCP) aims to nurture to advise parents and caregivers servant leaders to become community champions for social of children with intellectual causes and create positive social impact either through structured disabilities on the avenues of and sustainable or ad-hoc community service programmes to support and opportunities bring cheer to the beneficiaries. 2015 witnessed the completion available to increase their of the CCP by the first batch of participants who were engaged in child’s potential for training and a year-long programme where they participated in volunteering employment. activities both locally and overseas.

28 Impacting Lives, Nurturing Community Champions Social impact in numbers A Cultivator of Community Champions • 15,917 volunteering hours • 2,289 volunteer attendance • 685 new volunteers Social Outcome in numbers • 9 international service trips • 21 personal and leadership development programmes

15,917 2,289 685 volunteering hours volunteers in attendance new volunteers

9 21 international service trips personal and leadership development programmes

SOCIAL ENTERPRISE PROGRAMMES Uni-Y Social Enterprise Programmes, comprising of the Sidewalk Gallery Café and The Stage @ Jericho’s are developed by Uni-Y Singapore with an aim to create businesses with social objectives. They encourage volunteers to create positive change in society by seizing opportunities to address social issues using innovative and appropriate business models.

COMMUNITY SERVICE PROGRAMMES Uni-Y Singapore champions social causes and creates positive social impact through either structured and sustainable or ad-hoc community service programmes. These initiatives aim to bring cheer to the intellectually or physically challenged, the elderly and underprivileged children.

INTERNATIONAL SERVICE PROGRAMMES In 2015, Uni-Y volunteers embarked on a series of international service trips to countries such as Cambodia, Nepal and Philippines to serve the international community through teaching English and other subjects, building infrastructure, taking part in agricultural activities, going on home visits and cultural exchange.

29 YMCA of Singapore Annual Report 2015 A Hub for Wholesome Programmes

As a membership-based organisation, YMCA of Singapore enriches the lives of members through wholesome programmes ranging from fitness and dance to outdoor and adventure, to develop mind, body and spirit.

YMCA members are also engaged to help serve the less privileged of the community. YMCA strives to engage every member to be a volunteer and every volunteer, a member. I have been teaching swimming at YMCA for about 20 years. I like to teach here because I get to interact with both foreign and local students. At the same time, teaching swimming is also a form of helping the community to overcome their fear and one of the best ways to exercise, especially for the senior folks.

Phillip Wong, Swimming Instructor YMCA Membership

YMCA organises regular activities to enrich our members’ lives. YMCA members are also engaged in meaningful programmes to help serve the less privileged in the community.

YMCA members also enjoy use of facilities at YMCA @ One Orchard and privileges with our merchant partners. More information is available at www.ymca.org.sg.

HIGHLIGHT • On 14 December, a ballet performance was organised at YMCA as part of the Christmas celebrations. The Austrian Ballet Company-Tokyo performed The Nativity Story and highlights from The Nutcracker for over 120 guests comprising Board directors, members and participants of YMCA’s ballet programme.

As of 31 December 2015, the YMCA family comprised: 595 1185 724 full (life) members ordinary (life) members ordinary (annual) members 383 622 1536 ordinary (youth) associate members associate (youth) members members

32 Impacting Lives, Nurturing Community Champions A Hub for Wholesome Programmes YMCA Clubs

INTERNATIONAL Y’S MEN’S CLUB OF SINGAPORE On 2 April 2015, the Singapore Mandarin Toastmasters (ALPHA CHAPTER) Club, an interest group of YMCA of Singapore, was The International Y’s Men’s Club of Singapore (Alpha formally chartered to serve the needs of English Chapter) is affiliated to the YMCA of Singapore and speaking toastmasters who want to practise their supports its community service activities. In May 2015, Mandarin in front of an audience and also help YMCA of Singapore and International Y’s Men’s Club Mandarin speaking toastmasters to overcome the fear of Singapore (Alpha Chapter) signed the Principles of public speaking. of Partnership during the Y’s Men’s Southeast Asia Regional Convention.

To commemorate Singapore’s golden jubilee, the YMCA Toastmasters Club and Singapore Mandarin Toastmasters Club jointly organised the YMCA SG50 Speech Marathon in December 2015 and raised over $37,000 for YMCA’s Community Service Programmes. Over 500 speakers from all walks of During the year, the Club supported YMCA of Singapore life including champion speakers who have won at by volunteering at YMCA Proms @ the Park 2015 least one Toastmasters Club Speech Contest as well and adopting SARAH Seniors Activity Centre under Y as intellectually-challenged individuals from various Outing. Through Y Outing, they brought the wheelchair- organisations and groups spoke on a variety of topics bound elderly for monthly grocery shopping and also for 50 hours without pause. The feat earned a place in visited the Trick Eye Museum. Partnering Parkinson the Singapore Book of Records for the Longest Speech Society Singapore, the Club organises monthly karaoke Marathon (Team). sessions held at YMCA of Singapore for people with Parkinson, with an aim to improve their lives. The Club YMCA FOLK DANCE CLUB is oriented to serve the worldwide YMCA movement. YMCA Folk Dance Club is a recreational club that conducts folk dance classes and International folk YMCA TOASTMASTERS CLUB dance appreciation events for members. In 2015, YMCA Toastmasters Club aims to provide a supportive YMCA Folk Dance Club conducted three basic 3-month and positive learning experience in which members dance courses and also organised four gatherings are empowered to develop communication and with an average of 50 participants per session. During leadership skills, resulting in greater self-confidence February 2015, 9 members of the YMCA Folk Dance and personal growth. Club participated in the Asia Dance Camp in Taiwan organised by the Taiwan International Folk Dance Association.

33 YMCA of Singapore Annual Report 2015 YMCA Fitness and Dance Programmes

YMCA Fitness and Dance Programmes aim to promote a healthy FENCING AWARDS lifestyle to members through fun and engaging activities including Aqua Fitness, Ballet, Ballroom Dancing, Fencing, Gym, Swimming Singapore Junior Fencing Championship 2015 and Zumba. 1 SILVER (Women’s Foil Individual) Raffles Invites Fitness subscriptions 2 GOLD (Woman’s Epee Individual and Women’s Foil Individual) 1 SILVER (Woman’s Epee Individual) Australian Open Fencing Championship 2015 Swimming Aqua Fitness Fencing 1 BRONZE (Women’s Foil Individual) 116 41 450 Y-SPARKS International Fencing Cup 2015 3 GOLD (Women’s Foil Individual, Woman’s Epee Individual and Gym Zumba Men’s Epee Individual) 1 SILVER (Men’s Epee Individual) 417 160 3 BRONZE (Women’s Foil Individual and Men’s Epee Individual) Singapore National Trials 2015 Dance subscriptions 1 GOLD (Women’s Foil Individual) Singapore Cadet Trials 2015 1 SILVER (Woman’s Epee Individual) 1 BRONZE (Women’s Foil Individual) Ballet Ballroom Australian Junior Fencing Championship 2015 128 24 1 BRONZE (Women’s Foil Individual)

34 Impacting Lives, Nurturing Community Champions A Hub for Wholesome Programmes YMCA Outdoor and Adventure Programmes

YMCA Outdoor and Adventure Programmes are organised to empower and challenge the adventurous who love nature and outdoor activities to reach beyond their perceived limits. Through these trips, participants build character and learn the value and meaning of teamwork, while indulging in their passion for the great outdoors.

59 1,342 trips in total participants in total

Y Treks Y Ski Y Treks Y Ski trips trip 524 32 24 1 participants participants

Y Adventure BikeYworks Y Adventure BikeYworks trips trips 725 61 30 4 participants participants

35 YMCA of Singapore Annual Report 2015 New Destinations

Bangkok and Chiang Mai Mongolia (Thailand)

Mt Nanhu (Taiwan) Mt Nuang (Malaysia)

36 Impacting Lives, Nurturing Community Champions An Advocate for Lifelong Learning

Educational programmes have been an integral part of the YMCA of Singapore since its establishment in 1902. Today, the YMCA Education Services continue to provide a holistic education experience for pre-school children to working adults to nurture leaders of distinction.

As a social enterprise of the YMCA of Singapore, YMCA Education Services channels its surpluses to cover the corporate costs of YMCA and part of the costs of running the numerous YMCA community service programmes. I have been studying in YMCA School since March 2015 and am glad to be a part of this school that prepares me well for my AEIS examinations through daily assignments and monthly tests. Also, YMCA School has provided a meaningful platform for me and my fellow classmates to participate in community service such as YMCA Silver Fiesta 2015. It was definitely a memorable experience which allowed me to better understand the emotional needs of the elderly and I realised that the elderly can just be as fun-loving as we are.

Chan Wing Kei, Student, YMCA School An Advocate for Lifelong Learning YMCA Child Development Centres

YMCA Child Development Centres (CDC) provide a programme which is child centred and which integrates all areas of learning into LIST OF CDCs an experiential journey. Learning extends beyond the classrooms as children are exposed to events organised by the YMCA for the • YMCA CDC @ Bukit Batok public. These experiences enhance their social skills and build • YMCA CDC @ Woodlands self-confidence. • YMCA CDC @ Zhenghua

All three centres have been awarded the HMCCP (Healthy Meals at Childcare Centres Programme) Certificate and hold a 24-month license tenure from the Early Childhood Development Agency.

HIGHLIGHTS • On 10 February 2015, 30 Kindergarten children from YMCA 234 CDC @ Zhenghua visited Bo Tien Day Activity Centre for children attended the Elderly with their teachers. The children and teachers our centres led sing along sessions, gave a dance performance and assisted with Chinese New Year craftwork. 100% • On 13 and 24 July 2015, YMCA CDC @ Woodlands enrolment at organised a Parents’ Day Special where the Kindergarten Zhenghua and children presented a poem recitation, a skit performance Bukit Batok CDCs and did art and crafts with their parents. • 30 K1 and K2 Kindergarten children from YMCA CDC @ Bukit Batok presented a popular Peranakan song and dance item entitled: Marilah Kita Bersama/Lenggang Kangkong written by Mr Alvin Oon from The Main Wayang Company, at the YMCA Proms @ the Park on 25 July 2015.

I would like to extend my warm and sincere thanks to all the teaching and non-teaching staff for all the care given to my child. Studying and having fun is really a pleasurable experience for Raphael; every morning he enthusiastically gets ready for school. It is because of all your efforts that I can see at home certain appreciable changes in my son’s behaviour. He had learnt many new things such as putting back his finished milk bottle in the kitchen and keeping his toys and books in their original places. He has also become more disciplined. Thanks for the fantastic job!

39 YMCA of Singapore Annual Report 2015 YMCA Student Care Centres

YMCA Student Care Centres (SCC) aim to provide each child with the educational and emotional guidance and support that they need, through a warm, nurturing and stable learning environment.

LIST OF SCCs

SCHOOL-BASED 1,311 26% 6 • YMCA SCC @ CHIJ (Toa Payoh) students increase from new • YMCA SCC @ De La Salle nurtured 2014 school-based • YMCA SCC @ East View SCCs • YMCA SCC @ Gan Eng Seng • YMCA SCC @ Greenridge • YMCA SCC @ Hougang • YMCA SCC @ Jurong West HIGHLIGHTS • YMCA SCC @ Kuo Chuan • 780 students from YMCA Student Care Centres had the • YMCA SCC @ Oasis opportunity to watch selected games such as badminton, • YMCA SCC @ Sengkang Green table tennis and wheelchair basketball at the 8th ASEAN • YMCA SCC @ Si Ling Para Games from 3 to 9 December. The students received • YMCA SCC @ Springdale souvenirs from the event and had fun at the carnival • YMCA SCC @ St Anthony’s which aimed to educate the public about para sports. • YMCA SCC @ St Hilda’s • YMCA SCC @ St Margaret’s • Between 20 November to 17 December 2015, over 570 • YMCA SCC @ St Stephen’s children aged 7 to 12 years from YMCA Student Care • YMCA SCC @ Tao Nan Centres participated in the 3rd YMCA-Samsung Digital Art • YMCA SCC @ Yio Chu Kang Programme. Themed “Competitive Sports”, the children • YMCA SCC @ Zhangde learnt to use the Samsung tablets to create their digital art pieces. COMMUNITY-BASED • YMCA SCC @ Canberra • YMCA SCC @ Jurong West St 65

40 Impacting Lives, Nurturing Community Champions An Advocate for Lifelong Learning YMCA School

YMCA School aims to provide a holistic education to nurture active and socially responsible individuals of distinction. YMCA School offers academic programmes which prepare students for the GCE ‘O’ Level Examinations.

195 HIGHLIGHTS students enrolled in • The annual YMCA School Camp was held at Kahang, YMCA School Malaysia from 8 to 10 April 2015. The students participated in activities such as rice planting, rubber tapping, trekking and water rafting which allowed them to build character and learn the importance of teamwork. • YMCA School student representatives paid their respects to the late Mr Lee Kuan Yew at the Istana and delivered handwritten and specially designed condolence cards by their classmates. • 142 students participated in a Heritage Trail in Chinatown on 24 April 2015 to learn about its history and cultural developments over the years. • 122 students participated in the annual YMCA School Sports Day on 16 July 2015.

41 YMCA of Singapore Annual Report 2015 YMCA Learning Centre

YMCA Learning Centre (YLC) aims to enhance students’ learning HIGHLIGHTS and understanding of academic subjects through an enriching • Partnering Changchun Huming learning experience with the latest learning methodology and Education Consulting Co., Ltd, syllabus delivered by a team of qualified professional trainers. students from various schools in Jilin, China, immersed themselves YLC’s Study Tour receives inbound guests from overseas and with our students and Singapore’s provides customised programmes to help participants experience education syllabus. and understand what it is like to study and live in Singapore. • Students from Anubanrayong School visited YMCA Student Care Centre @ Yio Chu Kang and YMCA Student Care Centre @ Zhangde and bonded with the local students over outdoor games and activities. They also participated in the English Programme for International Students and learnt more about the language through a storytelling workshop conducted by Mrs Helen Tan, Manager, YMCA Learning Centre.

12 354 students enrolled in students participated tuition and enrichment in the study tour classes

42 Impacting Lives, Nurturing Community Champions An Advocate for Lifelong Learning

YMCA Higher Education

YMCA Higher Education offers the University of Strathclyde MBA in partnership with HIGHLIGHTS Strathclyde Business School. • Mr Goh Guan Kiat, a Strathclyde MBA alumnus and President of the University of Strathclyde Alumni in Singapore (USAS) is the winner of the 2015 Strathclyde People Award. His leadership helped USAS to win Alumni Group of the Year 2014/15 and in achieving excellent results in student recruitment and enterprise efforts. • The Strathclyde 100 networking event, organised by Strathclyde Business School Alumni Office and University of Strathclyde Alumni Singapore (USAS), took place on 13 May 2015, attracting 70 participants comprising Strathclyde MBA Programme students from the YMCA Education Centre (YEC), Strathclyde MBA Alumni and University of Strathclyde Alumni. Strathclyde 100 is a network of entrepreneurial alumni and business people who, through a series of events, support emerging Strathclyde entrepreneurs.

179 54 45 97% students enrolled in students students pass rate commenced graduated 4 enrolment cohorts for University 12 of Strathclyde MBA with distinction programme

43 YMCA of Singapore Annual Report 2015 A Sanctuary in the City

With 110 clean and comfortable guest rooms, YMCA @ One Orchard presents a welcoming sanctuary away from the hustle and bustle of the city. During their stay here, guests are able to keep up their fitness regimes with access to the gymnasium and the swimming pool. The function rooms and auditorium prove to be comfortable and convenient venue choices for a wide range of events.

As a social enterprise of the YMCA of Singapore, surpluses from YMCA @ One Orchard are channelled to meet the corporate costs of YMCA and sustain various YMCA community service programmes. I’m happy to book this place where my family and I stayed for a week. The hotel was centrally located and well connected to local transportation; shopping areas were all within walking distance. The place is also very clean, well-maintained and child-friendly, and had a good breakfast spread. The staff were more than helpful and even provided a baby cot for our child. YMCA @ One Orchard is definitely a recommended place to stay.

— Kolyn, Guest, Philippines YMCA International House

Nestled in the heart of Singapore’s famed shopping district, YMCA @ One Orchard offers a charming haven from the busy city streets while having the convenience of the celebrated Orchard Road right at its doorstep.

YMCA @ One Orchard is able to support a broad spectrum of events, ranging from weddings and baby showers to private meetings and public seminars. Choose from an assortment of spaces which include indoor and outdoor facilities in varying sizes that are sure to suit your needs.

YMCA @ One Orchard has been awarded the 2015 Certificate of Excellence by TripAdvisor. Having won this certificate for five consecutive years, YMCA @ One Orchard was inducted into the TripAdvisor Hall of Fame.

46 Impacting Lives, Nurturing Community Champions YMCA International Fellowship & Relations

YMCA of Singapore establishes and maintains harmonious relations with fellow YMCA movements in the region. YMCA of Singapore is a member of the Asia and Pacific Alliance of YMCAs (APAY), a federation of YMCA movements in 27 countries and territories in the Asia-Pacific. YMCA of Singapore is also a part of a network of nine Twinning YMCAs in the region.

UNI-Y STUDY MISSION A team of 7 Uni-Y ExCo leaders embarked on a Uni-Y Study Mission to Thailand from 3 to 7 February, where they were exposed to other YMCA’s youth programmes and fostered international friendship and promoted cultural practices.

TAINAN YMCA’S 60TH ANNIVERSARY Mr Stephen Loh, then President, YMCA of Singapore and Mr Lo Chee Wen, General Secretary, participated in Tainan YMCA’s 60th Anniversary celebrations in May 2015 and presented a YMCA of Singapore teddy bear as a congratulatory token to Mr Wu Tao-Chang, Chairman of the Board, Tainan YMCA and Mr Jimmy Lin, General Secretary.

UNI-Y INTERNSHIPS 8 Uni-Y members embarked on summer internships with Chinese YMCA of Hong Kong, Osaka YMCA, Shanghai YMCA, Tainan YMCA from June to July 2015. During their internships at the various YMCAs, the Uni-Y members organised camps and activities for children, youths and young adults.

VISIT BY SECRETARY GENERAL OF WORLD ALLIANCE OF YMCAS On 31 August 2015, Rev Johan Vilhelm Eltvik, Secretary General of the World Alliance of YMCAs and his team paid a visit to YMCA of Singapore. Mr Lo Chee Wen, General Secretary, brought him on a tour around the YMCA building. They also had a fruitful discussion on the global movement for YMCA.

47 YMCA of Singapore Annual Report 2015 VISIT BY KUMAMOTO YMCA YMCA of Singapore hosted 53 students and teachers from Kumamoto YMCA in September 2015. The participants were engaged in an icebreaking session and took turns to share on the popular youth culture and trends in their own country.

19TH ASIA AND PACIFIC ALLIANCE OF YMCAS From 6 to 11 September 2015, Mr Stephen Loh, Immediate Past President, YMCA of Singapore and Mr Lo Chee Wen, General Secretary and six representatives attended the 19th Asia and Pacific Alliance of YMCAs (APAY) General Assembly and 3rd Youth Assembly at the Daejeon Convention Centre in Korea.

TAIPEI YMCA’S 70TH ANNIVERSARY In October 2015, Mr Lo Chee Wen, General Secretary, YMCA of Singapore, visited Taipei YMCA to celebrate their good work and tireless efforts in developing the body, mind and spirit of individuals over the past 70 years at Taipei YMCA’s 70th Anniversary.

VISIT BY KUMAMOTO YMCA COLLEGE Mr Tetsuro Kumamoto, Vice Executive Director of Tobu YMCA, Dean of Architecture Department, Kumamoto YMCA College visited YMCA of Singapore on 16 December 2015 with 14 architecture students for an exchange programme. Mr Lo Chee Wen, General Secretary, YMCA of Singapore, gave them a tour of the YMCA building and shared with them the history of the YMCA of Singapore and on the architectural features of the building.

VISIT BY CHUNCHEON YMCA On 19 December, 26 participants from Chuncheon YMCA visited YMCA of Singapore and together with the Uni-Y Singapore volunteers, they brought Christmas joy to the children from Brighton Connection Student Care Centre through art and craft and sing-along sessions.

48 Impacting Lives, Nurturing Community Champions Fundraising

YMCA FLAG DAY

21 MARCH 2015 Over $66,000 raised by 480 volunteers for YMCA Community Service Programmes

16TH YMCA CHARITY GOLF @ TANAH MERAH YMCA GIVING GALA @ PARKROYAL BEACH ROAD COUNTRY CLUB 7 OCTOBER 2015 16-17 APRIL 2015 Over $330,000 raised for YMCA Community Service PRESENTED BY NTUC FAIRPRICE FOUNDATION AND Programmes TOTE BOARD Over $260,000 raised for the YMCA-Lim Kim San Volunteers Programme

49 YMCA of Singapore Annual Report 2015 Thanksgiving

YMCA of Singapore thanks the following corporations, organisations and individuals for their generous contributions in 2015.

CORPORATIONS & ORGANISATIONS Singapore Press Holdings Ltd Wee Wei Ling South East Community Development Wong Kin Wah Leslie $200,000 AND ABOVE Council Citi Foundation Superior Multi-Packaging Ltd $5,000 AND ABOVE JP Morgan Chase Foundation TIPPS Pte Ltd Ang Chong Poon Peter Cheng Kok Hua Daniel $100,000 AND ABOVE $1,000 AND ABOVE Kong Hwai Ming National Council of Social Service ASR Engineering Pte Ltd Loh Choo Kiat Robert Tan Chin Tuan Foundation Autism Resource Centre (Singapore) Loh Sur Yong Stephen Tote Board Barkerites Hockey Club Tan Bee Lan Cheng Huat (M&E) Pte Ltd Tay Yew Beng Peter $50,000 AND ABOVE Ciseern by Designer Furnishings Pte Ltd Teo Zi-Ming Lee Foundation, Singapore Contrac-Image Trading Pte Ltd Yeo Peng Hay NTUC FairPrice Foundation Ltd Dr See Medical Aesthetics Pte Ltd Falkcon Interior Pte Ltd $3,000 AND ABOVE $10,000 AND ABOVE Five Five Seafood Village Chan Wei Mun Samuel 3C Builders Pte Ltd Foo Kon Tan LLP Chua Chin Thiam AP Oil International Limited International Y’s Men’s Club of Ho Kah-Choy Citi Singapore Singapore (Alpha Chapter) Khoo Ching Wei Wayne Credit Suisse AG Jumbo Group of Restaurants Pte Ltd Koh Ann Kheng Michael DBS Bank Ltd Orchard Road Presbyterian Church Koh Chee Hiang Megaworld Corporation Pacific Richfield Marine Pte Ltd Koh Shaw Luan Mitsubishi Electric Asia Pte Ltd Porcelain Pte Ltd Lee Koon Ming OUE Limited Ritz Colleczion Asia Pte Ltd Lee Siew Lin Pei Hwa Foundation Ltd Sim Law Practice LLC Leon Lee Chern Su STT Communications Ltd Source Alliance Pte Ltd Liew Hee Cheong Daniel The Community Foundation of Systron Projects Lim Kiat Seng Singapore Toni International College of Aesthetics Loo Kwong Chee Daniel The Shaw Foundation Pte & Physiology Pte Ltd Denise Phua UTC Building & Industrial Systems Sim Swee Yam Peter $5,000 AND ABOVE Waylion Advisory and Consulting Pte Ltd Tan Suan Tiu Bryan AL Wealth Partners Pte. Ltd. XTRA Office Pte Ltd Tay Puan Siong Allspice Institute Pte Ltd Teo Han Leong DHL eCommerce (S) Pte Ltd $500 AND ABOVE Wong Cheong Fook David GMG Global Ltd Aesthetics Marketing Asia Pte Ltd Wong Liang Kwang Keppel FELS Limited Azurea Luxury Yacht Charter Pte Ltd Wong Yu Wei Knight Frank Pte Ltd Call Levels Pte Ltd Yue Yin Mei Melva Mossack Fonseca & Co (S) Pte Ltd Kreston David Yeung PAC National Heritage Board Tamil Language & Cultural Society $1,000 AND ABOVE PB Tankers Ltd Timothy Ang PricewaterhouseCoopers LLP $100 AND ABOVE Ching Liang Heng Albert Ritz Events Asia Pte Ltd AMH Corporate Services Pte Ltd Choong Ying Chuan Singapore Pools (Private) Limited De Yuan Zhi Shan Association Ee Kuo Ren Times Publishing Ltd Jack And Chaz Pte Ltd Santo Gulino Tokio Marine Life Insurance Langdon & Seah Singapore Pte Ltd Lynda Kum Singapore Ltd Mepcom Offshore and Marine Pte Ltd Lee Chye Hong TPS Corporate Services Pte Ltd MOVA Automotive Pte Ltd Lee Liat Cheng Wesley Methodist Church Rapid Press Lee Yoke Sim Penny Well Link Probusiness Service Pte Ltd Claire Lim $3,000 AND ABOVE Lim Swee Say Addicon Logistics Management INDIVIDUALS Lin Pei Ju (S) Pte Ltd Lo Chee Wen AT Asset Management Pte Ltd $10,000 AND ABOVE Loh Soh Hoon Automated Micron Assembly Pte Ltd Chan Lui Ming Ivan Loh Sue Wei Suyanne Central Singapore Community Chew Gek Khim Lua Soo Theng David Development Council Chew Kwee San Neo Kah Yean Gaylin International Pte Ltd Goh Yew Lin Ng Ee Peng Ed Honan Insurance Group (Asia) Pte Ltd Ng Lee Mian Evelyn Ong Teck Kim MCL Land Ltd Ooi Boon Hoe Samantha Seah National University of Singapore Teng Heng Chew Eric

50 Impacting Lives, Nurturing Community Champions Thanksgiving

Sik K.T. Bernard Ho Shok Fung Tan Ean See Hugo Boss South East Asia Sim Beng Meng Mildred Ho Sweet Meng Tan Eng Beng Pte Ltd Tan Sze Wee Ho Yi Zhen Tan Hock Kim Thomas Imperial Treasure Tan Teck Chun Christopher Lawrence Hong Tan Hwee Yong Restaurant Group Pte Santosa Tati Hoo Moh Lin Tan Kim Wah Mary Ltd Teo Yu Loong Melwyn Julie Tan Kok Hiang Interbev (Singapore) Ltd Wilfred Kang Ai Khia Barbara Tan Kwan Hong Ipic Security and Yeo Keng Joon Evelyn Khong Tan Lee King William Investigations Pte Ltd Zhao Wen Wei Khong Lai Cheong Tan Mei Ling Nina Kreston David Yeung PAC Adeline Koh Tan Mei Mei Melody Laguna National Golf and $500 AND ABOVE Koh Cher Tiak Tan Seck Yeow Country Club Chan Boon Wee Justin Kok Chee Leong Tan Tock Lin Julie Marshall Cavendish Chan Wan Mun Alicia Lai Chun Pin Patrick Tan Yh John Education Pte Ltd Chew Cheng Heng Latt Latt Tang Chi Hyung Melchers Time Pte Ltd Chew Tee Khiang Lau Woon Chan Samuel Tay Mind Stretcher Chong Wen Quan Alex Lee Teo Yeow Meng Mitsubishi Electric Asia Stephen Allan Elrick Amos Lee Megajani Wahjudi Pte Ltd Foo Yoon Kin Annmarie Lee Norman Walford Movenpick Hotels & Resorts Goh Cheng Bee Jimmy Lee Chin Yen Chris Sophie Wang Naili Printing Industry Goh Se Huat Stanley David Lee Weng Qing Ping National Library Board Gracelyn Ho Lee Keng Cheong Eldwin Wong NeoAsia (S) Pte Ltd Kam Mock Yong Rebekah Lee Wong Kar Yean NTUC FairPrice Foundation Koh Ai Cheng Doris Lee Shu Min Wong Yi Chuan Ltd Lee Ping Lynda Tina Lee Woo Ren Chai Open Trolley Lee Ping Shih Lee Wing Yan Angela Woo Siew Hin Orchard Parade Hotel Lee Soo Ann Lee Xiao Qing Xu Jin PARKROYAL on Beach Road Lim Chun Ching Leong Wai Heng Yap Yu Xin Justin Smith Pernod Ricard Pang Nghee Liang Martin Lim Beng Chai Yee Yik Fah Michael Red Dot Explorer Jim Seah Lim Chun Chyi Yeo Kin Lyn Lynette Renown Print Services Tan Ching Khoon Lim Hock Sheng Janice Yin Richwell Global Tan Toh Keng Helen Lim Huey Yuee Yong Boon Chuan Leslie Samsung Asia Pte Ltd Tay Soi Hoon Joanne Lim Kai Kok You Choon Hiang Angeline Sembawang Country Club Teo Ging Siang Lim Kim Luan Zi Qi Sidefame (Singapore) Pte Ltd Wong Chin Kheng Shirley Lim Singapore Pools (Private) Yong Siak Hoong Lim Swee Keng CORPORATIONS & Limited Lim Tong Li Christina ORGANISATIONS Sprinkler Fire Systems $100 AND ABOVE Lin Jinyu (IN-KIND) Pte Ltd Annabelle Fabia-De Aroz Ling Gek Yong Sunshine Bakeries Aw Yu Cheng Shaun Babylyn Lingat AEGIS Insurance Services Tag Team Inc Boey Yuet Mei Maria Loh Hoon Sun Pte Ltd Tai Sun (Lim Kee) Food Bok Chek Meng Loo Siew Joon Alliance Employment Pte Ltd Industries Pte Ltd Chan Chee Meng Mao Ling Ying Asencio Tanah Merah Country Club Chan Choong Seng Daniel Michael John Masim Bentley TaylorMade-adidas Golf Chan Chuin Howe Peter Maung Tun Tauk Phyo British Council Singapore & Exports Chan Soo Sen Meenasoman Chia & Thai Food Supplies The Villas Bali Hotel & Spa Frederick Chen Rajamohan Munisamy Pte Ltd Tote Board Chen Kim Yew Ng Hui Min Civic Ambulance Services United Gas Pte Ltd Chen Zhi Ai Joni Mary Ng (Soon) Pte Ltd Urban Fairways Café Bar Jessie Cheng Ng Swee Ha Alice Cobra Puma Golf and Golf Chew Soh Har Gracie Ngoi Concepts Golf Management Ching Kwok Wing Garcia Machin Oliver Pte Ltd INDIVIDUALS (IN-KIND) Chong Nee Loong Ong Ching Liew Alan Courts Asia Limited Choo C.S. Burt Ong Leong Gek Richard Crab Party Chew Kwee San Chow Lye Keong Alvin Ong Teong Hoon Crate & Barrel Gracelyn Ho Chow Min Wei Oon Siew Chen Daimler South East Asia Ho Wai Min Chow York Lim Joseph Pang Chin Hong Pte Ltd Kong Ming Leong Nicholas Alex Eow Pang Soon Moi Dryclean Express Services Matthew Lamb Feng Xiao Ling Navin Kumar Parwal Emirates Lin Wei Jie Fong Sok Nee Phua Boon Keng Estee Lauder Group of Gavin Ng Lily Foo Victor Poh Companies Rachel Wong Foo Mei Yee Idy Thomas Ramitedham Evar Air-Conditioning & John Yap Foo Say Foon Roman Engineering Pte Ltd Yeo Siew Li Foo Say Li Suvimol Sathanart F & N Foods Singapore Goh Choo Kiat David Shen Rui Far East Hospitality Goh Wan Cheng Sik Ming Management Gong Ing San Sim Kim Seng Frasers Hospitality John G T Mc Gugan Sim Siang Hwa Golf Vacations Deirdre Hernon Jennifer Soen Horizon Yachts Pte Ltd Ho Chee Hon Angel Stoilov HSC International Pte Ltd Ho Leng Woon Tan Ai Lay

51 YMCA of Singapore Annual Report 2015 Corporate Governance

Governance Evaluation Checklist (For large IPCs) For the period 1 January – 31 December 2015

S/No Code Description Code ID Compliance BOARD GOVERNANCE 1 Are there Board members holding staff appointments? No - - 4 There is a maximum term limit of four consecutive 1.1.6 Complied years for the Treasurer position (or equivalent, e.g. Finance Committee Chairman). 5 The Board conducts regular self-evaluation to assess 1.1.10 Complied its performance and effectiveness. 6 There are Board committees (or designated Board 1.2.1 Complied members) with documented terms of reference. 7 The Board meets regularly with a quorum of at least one-third or 1.3.1 Complied at least three members, whichever is greater (or as required by the governing instrument). CONFLICT OF INTEREST 8 There are documented procedures for Board members and staff to 2.1 Complied declare actual or potential conflicts of interest to the Board. 9 Board members do not vote or participate in decision-making on 2.4 Complied matters where they have a conflict of interest. STRATEGIC PLANNING 10 The Board reviews and approves the vision and mission of the 3.1.1 Complied charity. They are documented and communicated to its members and the public. 11 The Board approves and reviews a strategic plan for the charity to 3.2.2 Complied ensure that the activities are in line with its objectives. HUMAN RESOURCE MANAGEMENT 12 The Board approves documented human resource policies for staff. 5.1 Complied 13 There are systems for regular supervision, appraisal and 5.6 Complied professional development of staff. 14 There is a system to address grievances and resolve conflicts. 5.11 Complied FINANCIAL MANAGEMENT AND CONTROLS 15 The Board ensures internal control systems for financial matters are 6.1.2 Complied in place with documented procedures. 16 The Board ensures reviews on the charity’s controls, processes, key 6.1.3 Complied programmes and events. 17 The Board approves an annual budget for the charity’s plans and 6.2.1 Complied regularly monitors its expenditure. 18 The charity discloses its reserves policy in the annual report. 6.4.1 Complied 19 Does the charity invest its reserves? Yes - - 20 The charity invests its reserves in accordance with an investment 6.4.3 Complied policy approved by the Board. It obtains advice from qualified professional advisors, if deemed necessary by the Board.

52 Impacting Lives, Nurturing Community Champions Corporate Governance

S/No Code Description Code ID Compliance FUNDRAISING PRACTICES 21 Donations collected are properly recorded and promptly deposited 7.2.2 Complied by the charity. DISCLOSURE AND TRANSPARENCY 22 The charity makes available to its stakeholders an annual report 8.1 Complied that includes information on its programmes, activities, audited financial statements, Board members and executive management. 23 Are Board members remunerated for their Board services? No - - 26 Does the charity employ paid staff? Yes - - 27 No staff is involved in setting his or her own remuneration. 2.2 Complied 28 The charity discloses in its annual report the annual remuneration 8.3 Complied of its three highest paid staff who each receives remuneration exceeding $100,000, in bands of $100,000. If none of its top three highest paid staff receives more than $100,000 in annual remuneration each, the charity discloses this fact. PUBLIC IMAGE 29 The charity accurately portrays its image to its members, donors 9.1 Complied and the public.

BOARD MEETING RECORD

Name Attendance Name Attendance Mr Chew Kwee San 6/6 Ms Koh Shaw Luan 4/6 President Mr Leslie Wong 5/6 Mrs Magdalene Sik 1/6 Vice President Mr Ooi Boon Hoe 3/6 Mr Peter Sim Swee Yam 4/6 Vice President Mr Bryan Tan Suan Tiu 6/6 Mr Tan Eng Beng 1/6 Hon. Secretary Dr Tan Sze Wee 6/6 Mr Peter Tay Yew Beng 5/6 Hon. Treasurer Mr Stephen Loh (Co-Opted) 5/6 Mr Eric Teng Heng Chew 5/6 Mr Samuel Chan Wei Mun 5/6 Mr Teo Zi-Ming 4/6 Mr Steven Chia Oon Seet 4/6 Mr Lee Liat Cheng (Co-Opted) 4/6 Dr Thomas Choong Ying Chuan 2/6 Mr David Lua (Co-Opted) 6/6 Mr Ho Chee Hon 4/6 Mr Ivan Koh (Observer) 5/6

53 YMCA of Singapore Annual Report 2015 Policies

YMCA of Singapore is governed by the Constitution of the Association and has complied with the Code of Governance for Charities and Institutions of Public Character.

BOARD GOVERNANCE

Office Bearers At the first meeting of the Board of Directors (BOD) held after the Annual General Meeting, a President, two Vice Presidents, an Honorary Secretary, and an Honorary Treasurer of the Association are elected from among the members of the BOD for a period of one year or until their successors are elected. No person is elected as the Honorary Treasurer or otherwise hold the office of Honorary Treasurer for more than 4 consecutive terms and such person shall only be eligible for re-election as Honorary Treasurer after a lapse of at least 1 year.

Executive Committee The Executive Committee (“ExCo”) comprises the President, two Vice Presidents, an Honorary Secretary, and an Honorary Treasurer and at least one other Director. It has the executive powers to administer the affairs of the Association in accordance with its Constitution, Rules and Regulations and the Board’s policy and provides guidance and oversight to the Management on the operations of the Association. These include the setting of policies on operational matters and approval of expenditures within the financial limits provided for in the Chart of Authority (“COA”) in the normal course of business. ExCo keeps the BOD fully informed on the affairs of the Association and where appropriate, refer certain matters to the BOD for approval.

HUMAN RESOURCE MANAGEMENT

There are systems for regular supervision, appraisal and professional development of staff and a system to address grievances and resolve conflicts. The HR department is advised by a Staff Committee commissioned by the Board. The Committee reviews and advises on all HR policies relating to staff compensation, benefits and strategies to attract, retain and motivate staff, on the receipt of recommendations from the General Secretary. The Committee also advises on talent identification and development programmes for staff and succession planning of senior management staff.

Whistle Blowing Policy The YMCA Whistle Blowing policy aims to provide an avenue for employees and external parties to raise concerns and offer reassurance that they will be protected from victimisation for whistle blowing in good faith.

This policy covers issues where the following may be suspected:

1. Corruption; 2. Acts of fraud; 3. Theft and/misuse of the Association’s properties, assets or resources; or 4. Breach of laws.

No staff is involved in setting his or her own remuneration. Staff remuneration is subject to remuneration guidelines approved by the BOD.

The Association discloses in its annual report the annual remuneration of its three highest paid staff who each receives remuneration exceeding $100,000, in bands of $100,000, or the fact that none of its top three highest paid staff receives more than $100,000.

54 Impacting Lives, Nurturing Community Champions Policies

FINANCIAL MANAGEMENT AND CONTROLS

The BOD ensures that documented procedures are in place for financial matters in key areas. The BOD also ensures reviews and enhances monitoring on controls, processes, key programmes and events.

The BOD reviews and approves an annual budget for the Association’s plans and regularly monitors financial performance.

The financial statements of the Association are drawn up in accordance with the Statement of Recommended Accounting Practice (“RAP 6”) and Singapore Financial Reporting Standards (“FRS”).

The Association discloses its reserves policy in the annual report.

The Association does not make any loans.

Reserves Policy YMCA targets for at least three years of operating reserves from donations and surpluses generated through our social enterprises. These reserves will ensure that our ability to serve the community is not subjected to the vagaries of the economy. As at the end of 2015, our ratio of reserves to annual operating expenditure stands at 2.9 years.

The restricted funds and their purposes are as follows:

I. Building Asset Capitalisation Reserve – to match amounts on capital projects undertaken with past donations designated for that purpose. This fund will be amortised in line with the depreciation policy of the underlying capital projects.

II. Disaster Relief Fund – to support the volunteer relief and rehabilitation works undertaken by the Association in Sri Lanka, following the 2004 Indian Ocean Earthquake & Tsunami.

III. YMCA-Seet Hiong Kiat & Kuah Siew Eng Education Funds – to fund tertiary education for overseas needy students.

YMCA has also other designated and unrestricted funds set aside for various community programmes listed in the Notes to the Financial Statements. YMCA has also designated a percentage of our annual surpluses from our social enterprises for large scale asset renewal as our capital replacement fund.

Investment Committee The Investment Committee is governed by the Investment Charter and the Investment Policy which are constantly reviewed to allow for flexibility according to the market environment. It is appointed by the BOD to exercise prudence and good stewardship in relation to the investment of the Association’s funds to look into generating higher returns in the long run with a reasonable amount of risk.

YMCA invests its reserves in equities, REITS, bonds, fixed deposits and cash, which are approved by the Executive Committee.

DISCLOSURE AND TRANSPARENCY

There is a Conflict of Interest policy endorsed by the Board. Annually, the Board Directors and Management Staff make declarations of actual or potential conflicts of interest to the Board.

It is compulsory for all Board members to make annual declaration of interests, to be signed and acknowledged by the President of the Association and presented to the Board.

At committee meetings, the General Secretary of the Association will announce potential conflict of interest and Board members who are faced with a conflict situation are excluded from decision making processes relating to the matter.

55 YMCA of Singapore Annual Report 2015 Policies

FUNDRAISING PRACTICES

The Association has established guidelines on fundraising. These guidelines are based on the best practices set out by the National Council of Social Service and the Charity Council.

Our fundraising policy is to raise funds for specific community programmes and never for general purposes.

The committee for each fundraising event consists of volunteers and is supported by staff. The donors are informed of our objectives and targets.

The operating surpluses of social enterprises in YMCA International House and YMCA Education Services, as well as the support of regular donors and fund raising, has allowed YMCA to adopt a two-prong approach to achieving financial stability.

TWO-PRONG APPROACH FOR FINANCIAL STABILITY

DONATIONS PROGRAMMES FUNDRAISING

Collaborate Collaborate

CORPORATE SERVICES INTERNATIONAL EDUCATION HOUSE Surplus Surplus

NET SURPLUSES OF DONATION AND $’000 NET SURPLUSES OF SOCIAL $’000 FUNDRAISING ENTERPRISES

1500 2500 2175 1200 2000 1129 1120 1036 1664 914 1550 900 1500 726 1053 600 1000 827

300 500

0 0 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 Financial Year Financial Year

56 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY Audited Financial Statements And Other Financial Information For The Year Ended 31 December 2015

Contents 57 Statement by Board of Directors 58 Auditor’s Report 60 Statement of Financial Position 61 Statements of Comprehensive Income 63 Statements of Changes in Funds 65 Consolidated Statement of Cash Flows 66 Notes to the Financial Statements

STATEMENT BY BOARD OF DIRECTORS

In the opinion of the Board of Directors, the consolidated financial statements of Young Men’s Christian Association of Singapore (the “Association”) and its subsidiary (collectively, the “Group”) and the statement of financial position, statement of comprehensive income and statement of changes in funds of the Association as set out on pages 60 to 90 are properly drawn up so as to give a true and fair view of the financial position of the Group and of the Association as at 31 December 2015, and the financial performance, changes in funds of the Group and of the Association and cash flows of the Group for the financial year ended on that date.

On behalf of the Board of Directors,

CHEW KWEE SAN TAN SZE WEE President Hon Treasurer Singapore, 7 April 2016

57 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E)

Report on the Financial Statements

We have audited the accompanying financial statements of Young Men’s Christian Association of Singapore (the “Association”) and its subsidiary (collectively, the “Group”), which comprise the statements of financial position of the Group and of the Association as at 31 December 2015, and the statements of comprehensive income, statements of changes in funds of the Group and of the Association and the consolidated statement of cash flows of the Group for the financial year then ended, and a summary of significant accounting policies and other explanatory notes as set out on pages 60 to 90.

Management’s Responsibilities for the Financial Statements

The management is responsible for the preparation of financial statements that give a true and fair view in accordance with the provisions of the Charities Act, Cap. 37, the Societies Act, Cap. 311 and Singapore Financial Reporting Standards, and for devising and maintaining a system of internal accounting controls sufficient to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they are recorded as necessary to permit the preparation of true and fair financial statements and to maintain accountability of assets.

Auditors’ Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion, the consolidated financial statements of the Group and the statement of financial position, statement of comprehensive income and statement of changes in general and specific funds of the Association are properly drawn up in accordance with the provisions of the Charities Act, Cap. 37, the Societies Act, Cap. 311 and Singapore Financial Reporting Standards so as to give a true and fair view of the financial position of the Group and of the Association as at 31 December 2015 and the financial performance, changes in funds of the Group and of the Association and cash flows of the Group for the financial year ended on that date.

58 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

Report on Other Legal and Regulatory Requirements

In our opinion, the accounting and other records required by the above regulations to be kept by the Association and its subsidiary incorporated in Singapore of which we are the auditors have been properly kept in accordance with those regulations.

During the course of our audit, nothing has come to our attention that causes us to believe that during the reporting year: a) the Association has not complied with the requirements of regulation 15 (Fundraising expenses) of the Charities Regulations. b) the donation monies received have not been used in accordance with the Association’s objectives.

KRESTON DAVID YEUNG PAC Public Accountants and Chartered Accountants 7 April 2016

59 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

STATEMENTS OF FINANCIAL POSITION As at 31 December 2015

GROUP ASSOCIATION 2015 2014 2015 2014 Note S$ S$ S$ S$ ASSETS Non-Current Assets Property, Plant and Equipment 3 7,237,153 7,639,080 7,188,867 7,556,451 Available-for-Sale Financial assets 4 6,622,795 7,161,673 6,622,795 7,161,673

Total non-current assets 13,859,948 14,800,753 13,811,662 14,718,124

Current assets Inventories 13,893 19,057 13,893 19,057 Receivables 5 1,018,487 1,104,428 1,011,731 1,076,878 Prepayments 87,128 272,943 80,405 54,938 Deposits 41,803 40,927 41,803 38,424 Amount due from a subsidiary 6 - - 797,081 342,712 Fixed deposits 7 12,201,230 12,146,997 12,201,230 12,146,997 Cash and Bank Balances 8 6,917,093 3,893,832 5,359,102 3,332,239

Total Current Assets 20,279,634 17,478,184 19,505,245 17,011,245

Total Assets 34,139,582 32,278,937 33,316,907 31,729,369

FUNDS AND LIABILITIES Funds Unrestricted Funds Accumulated Fund 19,436,883 18,350,955 19,436,883 18,350,955 Capital Replacement Fund 6,684,136 5,782,419 6,684,136 5,782,419 Fair Value Reserve 38,239 577,116 38,239 577,116 Other Funds 9 1,556,828 1,763,007 1,556,828 1,763,007 Restricted Funds Building Asset Capitalisation Reserve 2,065,147 2,179,878 2,065,147 2,179,878 Other Funds 9 141,222 183,917 141,222 183,917

Total Funds 29,922,455 28,837,292 29,922,455 28,837,292

Current Liabilities Payables and accruals 10 4,217,127 3,441,645 3,394,452 2,892,077

Total Liabilities 4,217,127 3,441,645 3,394,452 2,892,077

Total Funds and Liabilities 34,139,582 32,278,937 33,316,907 31,729,369

The notes set out on pages 66 to 90 form an integral part of and should be 60 read in conjunction with this set of financial statements. Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the financial year ended 31 December 2015

GROUP 2015 2014 Restricted <------Unrestricted Funds------> Funds Total Total General Designated Fund Fund Total Total Note S$ S$ S$ S$ S$ S$ Incoming Resources Incoming Resources from Generated Funds Voluntary Income Donations 208,508 - 208,508 - 208,508 334,739 Activities for Generating Funds Child Care and Student Care Centres 6,968,741 - 6,968,741 - 6,968,741 5,735,689 Education Centre 4,574,057 - 4,574,057 - 4,574,057 4,537,895 International House 6,481,183 - 6,481,183 - 6,481,183 6,183,016 Membership Fees and Activities 474,777 - 474,777 21,136 495,913 508,912 Outdoor and Adventure 650,841 - 650,841 - 650,841 626,178 Fund Raising Events 651,482 - 651,482 - 651,482 1,095,671 Other Income 11 591,466 - 591,466 - 591,466 704,377 Amortisation of Building Asset Capitalisation Reserve 114,731 - 114,731 - 114,731 114,730 20,715,786 - 20,715,786 21,136 20,736,922 19,841,207 Investment Income Interest and Dividend Income 417,925 - 417,925 - 417,925 452,572 Net fair value gain on disposal of available-for-sale financial assets - - - - - 1,449 21,133,711 - 21,133,711 21,136 21,154,847 20,295,228 Incoming Resources from Charitable Activities Community Services * 2,480 938,212 940,692 - 940,692 518,099 Volunteer and Youth Development Programmes 404,322 - 404,322 - 404,322 441,755 International Programmes 1,905,371 - 1,905,371 86,234 1,991,605 1,594,887 2,312,173 938,212 3,250,385 86,234 3,336,619 2,554,741 TOTAL INCOMING RESOURCES 12 23,445,884 938,212 24,384,096 107,370 24,491,466 22,849,969 Less: Resources Expended Costs of Generating Funds Child Care and Student Care Centres 5,907,275 - 5,907,275 - 5,907,275 5,149,867 Education Centre 2,417,423 - 2,417,423 - 2,417,423 1,706,594 International House 6,694,469 - 6,694,469 - 6,694,469 6,374,776 Membership Fees and Activities 759,995 - 759,995 24,465 784,460 824,111 Outdoor and Adventure 644,040 - 644,040 - 644,040 644,757 Fund Raising Events 133,302 - 133,302 - 133,302 394,261 Other Operating Expenses 1,367,115 - 1,367,115 - 1,367,115 1,199,017 17,923,619 - 17,923,619 24,465 17,948,084 16,293,383 Resources Expended on Charitable Activities Community Services * 249,775 1,521,635 1,771,410 - 1,771,410 1,642,785 Volunteer and Youth Development Programmes 961,885 - 961,885 - 961,885 1,026,083 International Programmes 1,818,249 - 1,818,249 125,600 1,943,849 1,561,115 3,029,909 1,521,635 4,551,544 125,600 4,677,144 4,229,983 Governance Costs 122,965 - 122,965 - 122,965 86,232

TOTAL RESOURCES EXPENDED 12 21,076,493 1,521,635 22,598,128 150,065 22,748,193 20,558,283 Net incoming resources before other recognised losses 2,369,391 (583,423) 1,785,968 (42,695) 1,743,273 2,240,371 Less: Other recognised losses Loss on disposal of property, plant and equipment (4,502) - (4,502) - (4,502) (21,332) 2,364,889 (583,423) 1,781,466 (42,695) 1,738,771 2,219,039 Less: Taxation 14 ------

Net fund surplus / (deficit) for the year 2,364,889 (583,423) 1,781,466 (42,695) 1,738,771 2,219,039 Fund balances at beginning of the year 18,350,955 8,122,542 26,473,497 2,363,795 28,837,292 26,252,543 Transfer between funds (1,278,961) 1,278,961 - - - - Net fair value (loss) / gain on available-for-sale financial assets - (538,877) (538,877) - (538,877) 480,440 Amortisation of Building Assets Capitalisation Reserve - - - (114,731) (114,731) (114,730) Fund balances at end of the year 19,436,883 8,279,203 27,716,086 2,206,369 29,922,455 28,837,292

* Community Services are made up of YMCA-Tan Chin Tuan Community Services Programmes, YMCA Project Bridge and YMCA FACES (Financial Assistance and Capability for Employment Scheme)

The notes set out on pages 66 to 90 form an integral part of and should be read in conjunction with this set of financial statements. 61 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

STATEMENT OF COMPREHENSIVE INCOME For the financial year ended 31 December 2015

ASSOCIATION 2015 2014 Restricted <------Unrestricted Funds------> Funds Total Total General Designated Fund Fund Total Incoming Resources Note S$ S$ S$ S$ S$ S$ Incoming Resources from Generated Funds Voluntary Income Donations 1,070,011 - 1,070,011 - 1,070,011 1,070,409 Activities for Generating Funds Child Care and Student Care Centres 6,968,741 - 6,968,741 - 6,968,741 5,735,689 Education Centre 193,668 - 193,668 - 193,668 253,626 International House 6,525,245 - 6,525,245 - 6,525,245 6,367,847 Membership Fees and Activities 474,777 - 474,777 21,136 495,913 508,912 Outdoor and Adventure 650,841 - 650,841 - 650,841 626,178 Fund Raising Events 651,482 - 651,482 - 651,482 1,095,671 Other Income 11 2,153,145 - 2,153,145 - 2,153,145 2,435,543 Amortisation of Building Asset Capitalisation Reserve 114,731 - 114,731 - 114,731 114,730 18,802,641 - 18,802,641 21,136 18,823,777 18,208,605 Investment Income Interest and Dividend Income 416,255 - 416,255 - 416,255 451,017 Net fair value gain on disposal of available-for-sale financial assets - - - - - 1,449 19,218,896 - 19,218,896 21,136 19,240,032 18,661,071 Incoming Resources from Charitable Activities Community Services * 2,480 938,212 940,692 - 940,692 518,099 Volunteer and Youth Development Programmes 404,322 - 404,322 - 404,322 441,755 International Programmes 1,905,371 - 1,905,371 86,234 1,991,605 1,594,887 2,312,173 938,212 3,250,385 86,234 3,336,619 2,554,741 TOTAL INCOMING RESOURCES 12 21,531,069 938,212 22,469,281 107,370 22,576,651 21,215,812

Less: Resources Expended Costs of Generating Funds Child Care and Student Care Centres 5,907,275 - 5,907,275 - 5,907,275 5,149,867 Education Centre 502,608 - 502,608 - 502,608 72,437 International House 6,694,469 - 6,694,469 - 6,694,469 6,374,776 Membership Fees and Activities 759,995 - 759,995 24,465 784,460 824,111 Outdoor and Adventure 644,040 - 644,040 - 644,040 644,757 Fund Raising Events 133,302 - 133,302 - 133,302 394,261 Other Operating Expenses 1,367,232 - 1,367,232 - 1,367,232 1,199,017 16,008,921 - 16,008,921 24,465 16,033,386 14,659,226 Resources Expended on Charitable Activities Community Services * 249,775 1,521,635 1,771,410 - 1,771,410 1,642,785 Volunteer and Youth Development Programmes 961,885 - 961,885 - 961,885 1,026,083 International Programmes 1,818,249 - 1,818,249 125,600 1,943,849 1,561,115 3,029,909 1,521,635 4,551,544 125,600 4,677,144 4,229,983 Governance Costs 122,965 - 122,965 - 122,965 86,232

TOTAL RESOURCES EXPENDED 12 19,161,795 1,521,635 20,683,430 150,065 20,833,495 18,975,441 Net incoming resources before other recognised losses 2,369,274 (583,423) 1,785,851 (42,695) 1,743,156 2,240,371 Less: Other recognised losses Loss on disposal of property, plant and equipment (4,385) - (4,385) - (4,385) (21,332)

Net fund surplus / (deficit) for the year 2,364,889 (583,423) 1,781,466 (42,695) 1,738,771 2,219,039 Fund balances at beginning of the year 18,350,955 8,122,542 26,473,497 2,363,795 28,837,292 26,252,543 Transfer between funds (1,278,961) 1,278,961 - - - - Net fair value (loss) / gain on available-for-sale financial assets - (538,877) (538,877) - (538,877) 480,440 Amortisation of Building Assets Capitalisation Reserve - - - (114,731) (114,731) (114,730) Fund balances at end of the year 19,436,883 8,279,203 27,716,086 2,206,369 29,922,455 28,837,292

* Community Services are made up of YMCA-Tan Chin Tuan Community Services Programmes, YMCA Project Bridge and YMCA FACES (Financial Assistance and Capability for Employment Scheme)

The notes set out on pages 66 to 90 form an integral part of and should be 62 read in conjunction with this set of financial statements. Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

CONSOLIDATED STATEMENT OF CHANGES IN FUNDS For the financial year ended 31 December 2015

GROUP <------Unrestricted------> <------Unrestricted------> <------Designated------> Building Capital Asset General Fair Value Replacement Other Capitalisation Other Fund Reserve Fund Funds Reserve Funds Total S$ S$ S$ S$ S$ S$ S$

Balance at 01.01.2014 17,125,166 96,676 4,943,524 1,598,972 2,294,608 193,597 26,252,543

Net surplus for the year -Unrestricted funds 3,447,551 - - (1,218,832) - - 2,228,719 -Restricted funds - - - - - (9,680) (9,680)

Net fair value gains on available- for-sale financial assets recognised directly in fund - 480,440 - - - - 480,440

Transfers during the year (2,221,762) - 838,895 1,382,867 - - -

Amortisation of Building Asset Capitalisation Reserve - - - - (114,730) - (114,730)

Balance at 31.12.2014/01.01.2015 18,350,955 577,116 5,782,419 1,763,007 2,179,878 183,917 28,837,292

Net surplus for the year -Unrestricted funds 2,364,889 - - (583,423) - - 1,781,466 -Restricted funds - - - - - (42,695) (42,695)

Net fair value gains on available- for-sale financial assets recognised directly in fund - (538,877) - - - - (538,877)

Transfers during the year (1,278,961) - 901,717 377,244 - - -

Amortisation of Building Asset Capitalisation Reserve - - - - (114,731) - (114,731)

Balance at 31.12.2015 19,436,883 38,239 6,684,136 1,556,828 2,065,147 141,222 29,922,455 Note 9 Note 9 <------S$8,279,203------> <------S$2,206,369------>

The notes set out on pages 66 to 90 form an integral part of and should be read in conjunction with this set of financial statements. 63 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

STATEMENT OF CHANGES IN FUNDS For the financial year ended 31 December 2015

ASSOCIATION <------Unrestricted------> <------Unrestricted------> <------Designated------> Building Capital Asset General Fair Value Replacement Other Capitalisation Other Fund Reserve Fund Funds Reserve Funds Total S$ S$ S$ S$ S$ S$ S$

Balance at 01.01.2014 17,125,166 96,676 4,943,524 1,598,972 2,294,608 193,597 26,252,543

Net surplus for the year -Unrestricted funds 3,447,551 - - (1,218,832) - - 2,228,719 -Restricted funds - - - - - (9,680) (9,680)

Net fair value gains on available- for-sale financial assets recognised directly in fund - 480,440 - - - - 480,440

Transfers during the year (2,221,762) - 838,895 1,382,867 - - -

Amortisation of Building Asset Capitalisation Reserve - - - - (114,730) - (114,730)

Balance at 31.12.2014/01.01.2015 18,350,955 577,116 5,782,419 1,763,007 2,179,878 183,917 28,837,292

Net surplus for the year -Unrestricted funds 2,364,889 - - (583,423) - - 1,781,466 -Restricted funds - - - - - (42,695) (42,695)

Net fair value gains on available- for-sale financial assets recognised directly in fund - (538,877) - - - - (538,877)

Transfers during the year (1,278,961) - 901,717 377,244 - - -

Amortisation of Building Asset Capitalisation Reserve - - - - (114,731) - (114,731)

Balance at 31.12.2015 19,436,883 38,239 6,684,136 1,556,828 2,065,147 141,222 29,922,455 Note 9 Note 9 <------S$8,279,203------> <------S$2,206,369------>

The notes set out on pages 66 to 90 form an integral part of and should be 64 read in conjunction with this set of financial statements. Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

CONSOLIDATED STATEMENT OF CASH FLOWS For the financial year ended 31 December 2015

2015 2014 S$ S$ Cash flows from operating activities Net surplus for the year 1,738,771 2,219,039

Adjustments for: - Depreciation of property, plant and equipment 1,423,893 1,516,160 Amortisation of Building Asset Capitalisation Reserve (114,731) (114,730) Loss on disposal of property, plant and equipment 4,502 21,332 Interest and dividend income (417,925) (462,684) Net fair value gain on disposal of available-for-sale financial assets - (1,449)

Operating surplus before working capital changes 2,634,510 3,177,668

Decrease in inventories 5,164 271 Decrease / (Increase) in receivables, prepayments and deposits 276,522 (45,997) Increase / (Decrease) in payables and accruals 775,482 (461,531)

Net cash generated from operating activities 3,691,678 2,670,411

Cash flows from investing activities Proceeds from disposal of available-for-sale financial assets - 690,260 Purchase of available-for-sale financial assets - (19,125) Purchase of property, plant and equipment (1,026,468) (1,052,484) Fixed deposits subject to restriction 81,955 (213) Interest and dividend received 412,284 459,662

Net cash generated from / (used in) investing activities (532,229) 78,100

Net increase in cash and cash equivalents 3,159,449 2,748,511

Cash and cash equivalents at beginning of year 15,958,874 13,210,363 Cash and cash equivalents at end of year 19,118,323 15,958,874

Cash and cash equivalents comprise:- Cash and bank balances 12,201,230 3,893,832 Fixed deposits 6,917,093 12,146,997 19,118,323 16,040,829 Less: Fixed deposits subject to restriction - (81,955) 19,118,323 15,958,874

The notes set out on pages 66 to 90 form an integral part of and should be read in conjunction with this set of financial statements. 65 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

These notes form an integral part of and should be read in conjunction with the accompanying financial statements.

1. GENERAL

Young Men’s Christian Association of Singapore (the “Association”) is registered in Singapore under the Societies Act and the Charities Act. The principal activities of the Association consist of community services, education and child care services, sports and recreation and running of an international house. The Association is a member of National Council of Social Service. The Association has been registered as an Institute of Public Character since year 2001 and valid until 30 September 2016.

The address of registered office and principal place of operation of the Association is at One Orchard Road, Singapore 238824.

The subsidiary, YMCA Education Centre Limited, was incorporated in the Republic of Singapore on 21 September 2010 under the Companies Act, Chapter 50 as a company limited by guarantee.

The principal activities of the subsidiary are the provision of non-higher and higher education programmes. The subsidiary has been registered under the Enhanced Registration Framework with Council for Private Education for a period of 4 years and is valid until 11 October 2018. The subsidiary was also given the EduTrust award which is valid until 15 December 2019.

2. SIGNIFICANT ACCOUNTING POLICIES

a. Basis of Preparation

The consolidated financial statements of the Group and the statement of financial position, statement of comprehensive income and statement of changes in funds of the Association have been prepared in accordance with the historical cost convention, except as disclosed in the accounting policies below, and are drawn up in accordance with the Singapore Financial Reporting Standards (“FRSs”).

In the current financial year, the Group adopted all the new and revised FRSs and Interpretations of FRSs (“INT FRSs”) that are relevant to its operations and effective for annual period beginning on or after 1 January 2015. The adoptions of these new/revised FRSs and INT FRSs have no material effect on the financial statements

b. Significant Accounting Estimates and Judgements

Estimates, assumptions concerning the future and judgements are made in the preparation of the financial statements. They affect the application of the Group’s accounting policies, reported amounts of assets, liabilities, income and expense and disclosures made. They are assessed on an on-going basis and are based on experience and relevant factors, including expectations of future events that are believed to be reasonable under the circumstances.

The critical accounting estimates and assumptions used and areas involving a high degree of judgement are described below.

Critical assumptions used and accounting estimates in applying accounting policies

Depreciation of property, plant and equipment

Property, plant and equipment are depreciated on straight-line basis over their estimated useful lives. Management estimated the useful lives of these property, plant and equipment to be within 3 to 50 years. Changes in the expected level of usage could impact the economic useful lives and the residual values, if any, of these assets, therefore future depreciation charges could be revised.

66 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

2. SIGNIFICANT ACCOUNTING POLICIES (Continued)

b. Significant Accounting Estimates and Judgements (Continued)

Critical judgements made in applying accounting policies

In the process of applying the entity’s accounting policies, management has made the following judgements that have significant effect on the amounts recognised in the financial statements.

Impairment of property, plant and equipment

The Group assesses annually whether property, plant and equipment have any indication of impairment in accordance with the accounting policy. The recoverable amounts of property, plant and equipment have been determined based on value-in-use calculations. These calculations require the use of judgement and estimates.

c. Subsidiary

A subsidiary is an entity over which the Group has the power to govern the financial and operating policies so as to obtain benefits from its activities.

d. Basis of Consolidation

For business combinations outside the scope of FRS 103 i.e. business combination involving companies under common control, pooling of interests method is used.

Under merger accounting, the assets, liabilities, revenue, expenses and cash flows of all the entities within the Group are combined after making such adjustments as are necessary to achieve consistency of accounting policies. The comparative figures for the preceding financial years have been presented on similar basis. This manner of presentation reflects the economic substance of the combining companies, which are under common control throughout the relevant period, as a single economic enterprise, although the legal parent-subsidiary relationships were not established until after the acquisition date.

e. Property, Plant and Equipment

All items of property, plant and equipment are initially recorded at cost. The cost of an item of property, plant and equipment is recognised as an asset if, and only if, it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably.

Subsequent to initial recognition, property, plant and equipment are measured at cost less accumulated depreciation and any accumulated impairment losses.

67 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

2. SIGNIFICANT ACCOUNTING POLICIES (Continued)

e. Property, Plant and Equipment (Continued)

Depreciation is calculated on a straight-line method so as to write off the cost of these assets over their estimated useful lives as follows: - Leasehold land and building 2% Plant and machinery 12.5% Renovation 12.5% to 20% Computer equipment 20% to 33.3% Office equipment 20% Furniture and fittings 20% Computer software 33.3%

Assets not ready to use is not depreciated until it is available for use.

The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.

The residual value, useful life and depreciation method are reviewed at each financial year-end, and adjusted prospectively, if appropriate.

An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss on derecognition of the assets is included in profit or loss in the year the asset is derecognised.

f. Grants

Government grants and similar non-governments are recognised when there is reasonable assurance that the conditions attaching to it will be complied with and the grant will be received.

Grants should be recognised in the statement of comprehensive income on a systematic basis over the periods in which the entity recognised as expenses the related costs for which the grants are intended to compensate.

Asset-related grants are deducted from the cost of acquisition of the asset to arrive at the carrying amount which is then depreciated in accordance with the accounting policy on property, plant and equipment and depreciation.

g. Inventories

Inventories comprising goods like gift and souvenirs for resale, are stated at the lower of cost and net realisable value. Cost is determined on the specific identification basis.

h. Impairment of Non-Financial Assets

The Group assesses at the end of each reporting period whether there is an indication that an asset may be impaired. If any indication exists, or when an annual impairment testing for an asset is required, the Group makes an estimate of the asset’s recoverable amount.

68 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

2. SIGNIFICANT ACCOUNTING POLICIES (Continued)

h. Impairment of Non-Financial Assets (Continued)

An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s fair value less costs to sell and its value in use and is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or group of assets. When the carrying amount of an asset or cash-generating unit exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount. In assessing value in use, the estimated future cash flows expected to be generated by the asset are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Impairment losses are recognised in profit or loss.

An assessment is made at the end of each reporting period as to whether there is any indication that previously recognised impairment losses may no longer exist or may have decreased. If such indication exists, the Group estimates the asset’s or cash-generating unit’s recoverable amount. A previously recognised impairment loss is reversed only if there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognised. If that is the case, the carrying amount of the asset is increased to its recoverable amount. That increase cannot exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss been recognised previously. Such reversal is recognised in profit or loss.

i. Financial Assets

Initial recognition and measurement

Financial assets are recognised when, and only when, the Group becomes a party to the contractual provisions of the financial instrument. The Group determines the classification of its financial assets at initial recognition.

When financial assets are recognised initially, they are measured at fair value, plus, directly attributable transaction costs.

Subsequent measurement

The subsequent measurement of financial assets depends on their classification as follows: -

Loans and receivables

Non-derivative financial assets with fixed or determinable payments that are not quoted in an active market are classified as loans and receivables. Subsequent to initial recognition, loans and receivables are measured at amortised cost using the effective interest method, less impairment. Gains and losses are recognised in profit or loss when the loans and receivables are derecognised or impaired, and through the amortisation process.

Available-for-sale financial assets

Available-for-sale financial assets include equity and debt securities. Equity investments classified as available- for-sale are those, which are neither classified as held for trading nor designated at fair value through profit or loss. Debt securities in this category are those which are intended to be held for an indefinite period of time and which may be sold in response to needs for liquidity or in response to changes in the market conditions.

69 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

2. SIGNIFICANT ACCOUNTING POLICIES (Continued)

i. Financial Assets (Continued)

Available-for-sale financial assets (Continued)

After initial recognition, available-for-sale financial assets are subsequently measured at fair value. Any gains or losses from changes in fair value of the financial asset are recognised in the fair value reserve within fund, except that impairment losses, foreign exchange gains and losses on monetary instruments and interest calculated using the effective interest method are recognised in profit or loss. The cumulative gain or loss previously recognised in fair value reserve fund is reclassified from fair value reserve to profit or loss as a reclassification adjustment when the financial asset is derecognised.

Derecognition

A financial asset is derecognised where the contractual right to receive cash flows from the asset has expired. On derecognition of a financial asset in its entirety, the difference between the carrying amount and the sum of the consideration received and any cumulative gain or loss that had been recognised in fair value reserve within fund is recognised in profit or loss.

All regular way purchases and sales of financial assets are recognised or derecognised on the trade date, i.e. the date that the Group commits to purchase or sell the asset. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the period generally established by regulation or convention in the market place concerned.

j. Cash and Cash Equivalents

Cash and cash equivalents consist of cash in hand and at bank and fixed deposits net of fixed deposits subject to restriction which form part of the Group’s cash management that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value.

k. Impairment of Financial Assets

The Group assesses at the end of each reporting period whether there is any objective evidence that a financial asset is impaired.

Financial assets carried at amortised cost

For financial assets carried at amortised cost, the Group first assesses individually whether objective evidence of impairment exists individually for financial assets that are individually significant, or collectively for financial assets that are not individually significant. If the Group determines that no objective evidence of impairment exists for an individually assessed financial asset, whether significant or not, it includes the asset in a group of financial asset with similar credit risk characteristics and collectively assesses them for impairment. Assets that are individually assessed for impairment and for which an impairment loss is, or continues to be recognised are not included in a collective assessment of impairment.

If there is objective evidence that an impairment loss on financial assets carried at amortised cost has incurred, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows discounted at the financial asset’s original effective interest rate. If a loan has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate. The carrying amount of the asset is reduced through the use of an allowance account. The impairment loss is recognised in profit or loss.

70 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

2. SIGNIFICANT ACCOUNTING POLICIES (Continued)

k. Impairment of Financial Assets (Continued)

Financial assets carried at amortised cost (Continued)

When the asset becomes uncollectible, the carrying amount of impaired financial assets is reduced directly or if an amount was charged to the allowance account, the amounts charged to the allowance account are written off against the carrying value of the financial asset.

To determine whether there is objective evidence that an impairment loss on financial assets has incurred, the Group considers factors such as the probability of insolvency or significant financial difficulties of the debtor and default or significant delay in payments.

If in a subsequent period, the amount of the impairment loss decreases and the decrease can be related objectively to an event occurring after the impairment was recognised, the previously recognised impairment loss is reversed to the extent that the carrying amount of the asset does not exceed its amortised cost at the reversal date. The amount of reversal is recognised in profit or loss

Available-for-sale financial assets

In the case of equity investments classified as available-for-sale, objective evidences of impairment include (i) significant financial difficulty of the issuer or obligor, (ii) information about significant changes with an adverse effect that have taken place in the technological, market, economic or legal environment in which the issuer operates, and indicates that the cost of the investment in equity instrument may not be recovered; and (iii) a significant or prolonged decline in the fair value of the investment below its costs. ‘Significant’ is to be evaluated against the original cost of the investment and ‘prolonged’ against the period in which the fair value has been below its original cost.

If an available-for-sale financial asset is impaired, an amount comprising the difference between its acquisition cost (net of any principal repayment and amortisation) and its current fair value, less any impairment loss previously recognised in profit or loss, is transferred from fund and recognised in profit or loss. Reversals of impairment losses in respect of equity instruments are not recognised in profit or loss; increase in their fair value after impairment are recognised directly in fund.

In the case of debt instruments classified as available-for-sale, impairment is assessed based on the same criteria as financial assets carried at amortised cost. However, the amount recorded for impairment is the cumulative loss measured as the difference between the amortised cost and the current fair value, less any impairment loss on that investment previously recognised in profit or loss. Future interest income continues to be accrued based on the reduced carrying amount of the asset and is accrued using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss. The interest income is recorded as part of finance income. If in a subsequent year, the fair value of a debt instrument increases and the increases can be objectively related to an event occurring after the impairment loss was recognised in profit or loss, the impairment loss is reversed in profit or loss.

l. Financial Liabilities

Initial recognition and measurement

Financial liabilities are recognised on the statement of financial position when, and only when, the Group becomes a party to the contractual provisions of the financial instrument. The Group determines the classification of its financial liabilities at initial recognition.

All financial liabilities are recognised initially at fair value, plus, directly attributable transaction costs.

71 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

2. SIGNIFICANT ACCOUNTING POLICIES (Continued)

l. Financial Liabilities(Continued)

Subsequent measurement

After initial recognition, financial liabilities are subsequently measured at amortised cost using the effective interest method. Gains and losses are recognised in profit or loss when the liabilities are derecognised, and through the amortisation process.

Derecognition

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expired. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and the recognition of a new liability, and the difference in the respective carrying amounts is recognised in profit or loss.

m. Funds

Unless specifically indicated, fund balances are not represented by any specific accounts, but are represented by all assets of the Group.

Building Asset Capitalisation Reserve

Designated donations for the renovation/construction of the YMCA building are credited to the Building Asset Capitalisation Reserve. These amounts are recognised in profit or loss over the period necessary to match the depreciation on the portion of the certification of the renovation/construction funded by such donations.

Capital Replacement Fund

Capital replacement fund is established for capital replacement purpose by allocating 9% of current year’s revenue derived from International House, Child Care and Student Care Centres and YMCA Education Centre Limited.

n. Provisions

Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of economic resources will be required to settle the obligation and the amount of the obligation can be estimated reliably.

Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of economic resources will be required to settle the obligation, the provision is reversed. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, where appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

72 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

2. SIGNIFICANT ACCOUNTING POLICIES (Continued)

o. Contingencies

A contingent liability is:-

A possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group; or

A present obligation that arises from past events but is not recognised because: i. It is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or ii. The amount of the obligation cannot be measured with sufficient reliability.

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Group.

Contingent liabilities and assets are not recognised on the statement of financial position of the Group.

p. Leases

Leases where the lessor effectively retains substantially all the risks and benefits of ownership of the leased term as classified as operating leases.

As a lessee

Operating lease payments are recognised as an expense in profit or loss on a straight-line basis over the lease term. The aggregate benefit of incentives provided by the lessor is recognised as a reduction of rental expense over the lease term on a straight line basis.

As a lessor

Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased asset and recognised over the lease term on the same bases as rental income. The accounting policy for rental income is set out in Note 2(q).

q. Income Recognition

Income is recognised to the extent that it is probable that the economic benefits will flow to the Group and the income can be reliably measured. Income is measured at the fair value of consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes or duty.

Income is recognised on the following basis: - i. Donations – when money is received or collection is certain ii. Education and Child and Student Care – over the period of instruction and care given to the student and child iii. Income from courses – over the period of course iv. Interest – using the effective interest method v. Dividend – when the Group’s right to receive payment is established vi. Rental – on a straight-line basis over the lease terms vii. Other services – when services are rendered

73 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

2. SIGNIFICANT ACCOUNTING POLICIES (Continued)

r. Gift in kind

A gift in kind included in the profit or loss based on an estimate of the fair value at the date of the receipt of the gift of the non-monetary asset or the grant of a right to the monetary asset. The gift is recognised if the amount of the gift can be measured reliably and there is no uncertainty that it will be received.

s. Foreign Currency Transactions

Functional and Presentation Currencies

Items included in the financial statements of the Group are measured using the currency of the primary economic environment in which the Group operates (the “functional currency”). The financial statements of the Group are presented in Singapore dollar, which is the functional currency of the Association.

Transactions and Balances

Transactions in foreign currencies are converted at rates closely approximating those ruling at transaction dates. Monetary assets and liabilities in foreign currencies are translated into Singapore dollar at rates of exchange ruling at the end of reporting period. Exchange differences arising from such transactions are taken to profit or loss.

t. Taxation

Income tax on the profit or loss for the period comprises current and deferred income taxes. Income tax is recognised in the profit or loss except to the extent that it relates to items recognised outside profit or loss, in which case it is recognised in other comprehensive income.

Current tax is the expected tax payable on the taxable income for the period, using tax rates enacted or substantively enacted at the end of the reporting period and any adjustment to tax payable in respect of previous period.

Deferred tax is provided using the liability method for temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The amount of deferred tax provided is based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantively enacted at the end of the reporting period.

A deferred tax asset is recognised only to the extent that it is probable that future taxable profits will be available against which the asset can be utilised. Deferred tax assets are reduced to the extent that it is no longer probable that the related tax benefit will be realised.

74 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

2. SIGNIFICANT ACCOUNTING POLICIES (Continued)

u. Related Parties

A related party is defined as follows:-

a. A person or a close member of that person’s family is related to the group if that person: i. Has control or joint control over the group;

ii. Has significant influence over the group; or

iii. Is a governing board member, trustee or member of the key management personnel of the group or of a parent of the Association.

b. An entity is related to the group if any of the following conditions applies:

i. The entity and the group are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others).

ii. One entity is an associate or joint venture of the group (or an associate or joint venture of a member of a group of which the group is a member).

iii. The entity and the group are joint ventures of the same third party.

iv. The entity is a joint venture of a third entity and the group is an associate of the third entity and vice versa.

v. The entity is controlled or jointly controlled by a person identified in (a).

vi. A person identified in (a) (i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity).

v. Employee Benefits

Defined Contribution Plans

The Group makes contribution to the Central Provident Fund scheme in Singapore, a defined contribution pension scheme. Contributions are recognised as an expense in the period in which the related service is performed.

Employee Leave Entitlement

Employee entitlement to annual leave is recognised when it is accrued to employees. An accrual is made for the estimated liability for leave as a result of services rendered by employees up to the end of the reporting period.

75 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015 - - - S$ Total 381,500 (14,629) (35,961) 948,672 (303,704) (381,500) 7,639,080 1,516,160 7,237,153 1,423,893 1,287,484 20,035,835 22,730,618 12,798,682 24,232,149 31,871,229 31,001,206 (12,857,360) (12,861,862) ------S$ 36,000 (36,000) (92,000) Progress 136,450 228,450 136,450 Assets In Assets ------S$ 82,720 74,613 84,650 51,376 (99,242) 333,146 211,012 156,812 149,214 275,915 122,134 350,528 507,340 373,244 Software (224,166) (224,166) Computer Computer - - - - S$ (145) (208) (7,526) 60,145 98,549 94,211 46,575 (14,341) 537,823 381,884 211,990 155,939 (984,662) (984,780) Furniture Furniture & Fittings 1,173,931 1,272,335 1,484,325 1,437,958 - - - - S$ (380) (496) 1,350 Office 53,341 75,613 13,052 83,528 74,043 60,756 (13,502) 369,354 293,741 387,866 461,529 545,057 544,203 (228,544) (228,594) GROUP Equipment - - - - - S$ 965 (190) 93,625 91,943 90,853 (21,440) 114,687 392,665 277,978 133,946 113,987 445,440 559,237 693,183 602,330 (373,202) (373,668) Computer Computer Equipment S$ (46,720) (12,294) (45,092) (33,637) 357,516 965,478 890,315 725,481 381,500 (154,193) (381,500) 4,825,549 3,860,071 2,162,356 1,094,800 (1,097,444) (9,801,236) (9,805,104) 12,102,897 12,980,918 15,143,274 14,510,331 Renovation - - - S$ (986) 6,381 2,530 (1,620) (1,620) 45,092 53,999 23,069 289,666 125,268 Plant and Plant 1,343,407 1,071,987 1,182,953 1,361,653 1,364,856 1,418,855 1,417,945 Machinery (1,245,550) (1,245,550) ------S$ Land & Building 241,584 241,584 7,001,162 4,594,865 7,484,330 4,836,449 7,242,746 Leasehold 12,079,195 12,079,195 12,079,195 the year for Depreciation At 01.01.2014 At 31.12.2015 At At 31.12.2015 At 31.12.2015 At At 31.12.2014 and 01.01.2015 At the year for Depreciation At 31.12.2014 and 01.01.2015 At Additions Disposals At 31.12.2014 At Disposals Grants received / receivable received Grants Reclassification Grants reversal Grants Disposals At 01.01.2014 At Reclassification Additions Grants received / receivable received Grants Disposals Reclassification PROPERTY, PLANT AND EQUIPMENT PROPERTY, Depreciation Accumulated Book Value Net Cost capital sum was paid for the lease. 1902. No commencing from November for 999 years The land is leased 3.

76 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

- - - S$ Total (35,961) (14,629) 381,500 948,672 (303,704) (381,500) 7,556,451 1,495,666 7,188,867 1,389,668 1,230,526 19,927,059 22,724,512 12,738,192 31,762,000 24,205,549 30,948,935 (12,861,409) (12,857,025)

------

S$ (92,000) Progress Progress 136,450 228,450 136,450 Assets In Assets

------S$ 46,720 96,812 86,134 62,613 60,650 15,376 (99,242) 261,146 175,012 149,214 275,915 435,340 338,528 373,244 Software (224,166) (224,166) Computer Computer

- - - -

S$ (145) (208) (7,526) 60,145 95,895 91,573 46,575 (14,341) 525,008 371,828 206,475 153,180 (984,327) (984,327) Furniture Furniture & Fittings 1,168,832 1,471,057 1,264,582 1,424,690

- - - -

S$ (496) (380) 1,350 Office 53,341 74,819 13,052 82,133 73,442 60,155 366,351 291,532 386,859 542,054 459,921 541,200 (228,594) (228,544) (13,502) Equipment ASSOCIATION

- - - - - S$ 965 (190) 93,625 84,957 69,895 (21,440) 105,954 371,707 265,753 118,227 108,748 445,440 672,225 553,998 602,330 (373,668) (373,202) Computer Computer Equipment S$ 381,500 (46,720) (12,294) (45,092) (33,637) 357,516 965,478 890,315 725,481

(154,193) (381,500) 4,825,549 3,860,071 2,162,356 1,094,800 (9,805,104) (1,097,444) (9,801,236) 12,102,897 15,143,274 12,980,918 14,510,331 Renovation

- - - S$ (986) 6,381 2,530 (1,620) (1,620) 45,092 53,999 23,069 289,666 125,268 Plant and Plant 1,343,407 1,071,987 1,182,953 1,361,653 1,418,855 1,364,856 1,417,945 Machinery (1,245,550) (1,245,550)

------

S$ Land & Building 241,584 241,584 7,001,162 4,594,865 7,484,330 4,836,449 7,242,746 Leasehold 12,079,195 12,079,195 12,079,195 (Continued) the year for Depreciation At 01.01.2014 At At 31.12.2015 At Disposals At 31.12.2014 and 01.01.2015 At Additions 31.12.2015 At Grants received / receivable received Grants Grants reversal Grants At 31.12.2015 At Reclassification At 31.12.2014 and 01.01.2015 At the year for Depreciation Disposals At 31.12.2014 At Reclassification Disposals Reclassification Additions At 01.01.2014 At Grants received / receivable received Grants Disposals PROPERTY, PLANT AND EQUIPMENT PLANT AND EQUIPMENT PROPERTY, Depreciation Accumulated Net Book Value Net Cost capital sum was paid for the lease. 1902. No commencing from November for 999 years The land is leased 3.

77 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

4. AVAILABLE-FOR-SALE FINANCIAL ASSETS

GROUP AND ASSOCIATION 2015 2014 S$ S$ Quoted investments

Bonds* Balance at beginning of the year 1,018,463 1,507,975 Disposals - (512,500) Net fair value (losses) / gains recognised in fund (46,588) 22,988

Balance at end of the year 971,875 1,018,463

Equities Balance at beginning of the year 3,219,944 2,921,325 Additions - 19,125 Net fair value (losses) / gains recognised in fund (144,176) 279,494

Balance at end of the year 3,075,768 3,219,944

REITs Balance at beginning of the year 2,923,266 2,921,619 Disposals - (177,760) Net fair value (losses) / gains recognised in fund (348,114) 179,407

Balance at end of the year 2,575,152 2,923,266

Total available-for-sale financial assets at end of the year 6,622,795 7,161,673

*Bonds comprise:- 2.95% p.a. corporate bond due 20.06.2022 248,750 251,088 3.27% p.a. corporate bond due 19.02.2020 258,125 260,375 3.80% p.a. corporate bond due 23.04.2027 465,000 507,000

971,875 1,018,463

78 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

5. RECEIVABLES

GROUP ASSOCIATION 2015 2014 2015 2014 S$ S$ S$ S$

Event advances 158,903 139,959 158,903 139,959 Grant receivables - 381,500 - 381,500 Interest receivables 18,295 12,655 18,295 12,655 Other receivables - 17,567 - 17,567 Trade receivables 841,289 552,747 834,533 525,197 1,018,487 1,104,428 1,011,731 1,076,878

Trade receivables are non-interest bearing and are generally on 14 to 30 days credit terms. They are recognised at their original invoiced amounts which represent their fair values on initial recognition. These receivables are unsecured and the analysis of their aging at the end of reporting period is as follows:-

GROUP ASSOCIATION 2015 2014 2015 2014 S$ S$ S$ S$

Not past due 453,578 351,213 453,578 327,363 Past due 1-30 days 300,972 124,575 300,972 124,575 Past due 31-60 days 24,026 46,537 24,026 45,437 Past due more than 60 days 62,713 30,422 55,957 27,822 841,289 552,747 834,533 525,197

Trade receivables include amount of S$387,711 and S$380,955 (2014: S$201,534 and S$197,834) for the Group and the Association respectively which are past due at the end of reporting period but not impaired.

6. AMOUNT DUE FROM A SUBSIDIARY

Amount due from a subsidiary is non-trade, unsecured, interest-free, repayable on demand and to be settled in cash.

7. FIXED DEPOSITS

Fixed deposits earned interest ranging from 0.20% to 1.14% (2014: 0.20% to 0.85% ) per annum and matured within 2 months to 12 months (2014: 7 days to 12 months). In 2014, the amount of S$81,955 was under charge.

79 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

8. CASH AND BANK BALANCES

Cash and bank balances are denominated in the following currencies: -

GROUP ASSOCIATION 2015 2014 2015 2014 S$ S$ S$ S$

Australian Dollar 14,171 14,068 103 - Singapore Dollar 6,896,949 3,868,010 5,353,027 3,320,485 United States Dollar 4,810 5,386 4,810 5,386 Others 1,163 6,368 1,162 6,368

6,917,093 3,893,832 5,359,102 3,332,239

9. OTHER FUNDS

GROUP AND ASSOCIATION Transfer At beginning Net between At end of year Receipt Expense Movement funds of year S$ S$ S$ S$ S$ S$ 2015 Unrestricted Funds - Designated Community Service Fund 256,995 188,932 (815,040) (626,108) 377,244 8,131 YMCA FACES 256,980 - (36,853) (36,853) - 220,127 Project Bridge Fund 133,151 749,280 (669,742) 79,538 - 212,689 YMCA - Lim Kim San Volunteers Programme Fund 1,115,881 - - - - 1,115,881 1,763,007 938,212 (1,521,635) (583,423) 377,244 1,556,828 Restricted Funds Disaster Relief Fund 49,839 34,634 (34,515) 119 - 49,958 ISP Project Fund 21,666 24,251 (16,064) 8,187 - 29,853 Rebuilding Community Programme @ Dujiangyan Fund 86,949 - (51,980) (51,980) - 34,969 YMCA - Seet Hiong Kiat and Kuah Siew Eng Education Fund 20,000 - - - - 20,000 Club accounts 5,463 48,485 (47,506) 979 - 6,442 183,917 107,370 (150,065) (42,695) - 141,222 1,946,924 1,045,582 (1,671,700) (626,118) 377,244 1,698,050

80 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

9. OTHER FUNDS (Continued)

GROUP AND ASSOCIATION Transfer At beginning Net between At end of year Receipt Expense Movement funds of year S$ S$ S$ S$ S$ S$ 2014 Unrestricted Funds - Designated Community Service Fund 26,350 110,717 (724,219) (613,502) 844,147 256,995 YMCA FACES 323,656 - (66,676) (66,676) - 256,980 Project Bridge Fund 132,876 119,562 (658,007) (538,445) 538,720 133,151 YMCA - Lim Kim San Volunteers Programme Fund 1,116,090 - (209) (209) - 1,115,881 1,598,972 230,279 (1,449,111) (1,218,832) 1,382,867 1,763,007 Restricted Funds Disaster Relief Fund 70,350 12,804 (33,315) (20,511) - 49,839 ISP Project Fund 10,922 15,716 (4,972) 10,744 - 21,666 Rebuilding Community Programme @ Dujiangyan Fund 86,949 - - - - 86,949 YMCA - Seet Hiong Kiat and Kuah Siew Eng Education Fund 20,000 - - - - 20,000 Club accounts 5,376 13,115 (13,028) 87 - 5,463 193,597 41,635 (51,315) (9,680) - 183,917 1,792,569 271,914 (1,500,426) (1,228,512) 1,382,867 1,946,924

Community Service Fund is set up for the purpose of funding YMCA Community Services.

YMCA FACES (Financial Assistance and Capability for Employment Scheme) seeks to provide short-term supplementary financial aid to needy families and to address the growing need for employment of people with special needs by providing meaningful work training attachment opportunities.

Project Bridge Fund supports Project Bridge which aims to provide personal development programmes and counselling for early school leavers and youth-at-risk.

YMCA – Lim Kim San Volunteers Programme Fund is set up for the purpose of promoting volunteerism and to recruit, retain and motivate volunteers.

Disaster Relief Fund is set up for the purpose of supporting volunteer relief and rehabilitation works undertaken by the Association from time to time.

Rebuilding Community Programme @ Dujiangyan Fund is set up for the purpose of supporting the Association’s rebuilding community programmes in Sichuan, China.

YMCA – Seet Hiong Kiat and Kuah Siew Eng Education Fund is set up to provide educational sponsorship for needy students who desire to pursue higher education but do not have adequate means to do so.

Clubs accounts are maintained for clubs involved in various activities.

81 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

10. PAYABLES AND ACCRUALS GROUP ASSOCIATION 2015 2014 2015 2014 S$ S$ S$ S$ Trade payables 513,283 669,865 503,813 668,355 Funds and advance billing 698,934 381,737 698,934 381,737 Accrued operating expenses 1,481,593 1,033,006 1,085,722 983,657 Deposits payables 922,531 690,089 922,531 690,089 Fees received in advance 600,786 666,948 183,452 168,239 4,217,127 3,441,645 3,394,452 2,892,077

11. OTHER INCOME

GROUP ASSOCIATION 2015 2014 2015 2014 S$ S$ S$ S$ Management fee income - - 1,684,725 1,836,319 Rental 356,038 361,922 356,038 361,922 Sundries 235,428 342,455 112,382 237,302 591,466 704,377 2,153,145 2,435,543 12. TOTAL INCOMING RESOURCES / RESOURCES EXPENDED

GROUP ASSOCIATION 2015 2014 2015 2014 S$ S$ S$ S$ Total incoming resources for the year are arrived at after crediting:- Room and Café revenue (4,515,142) (4,259,003) (4,515,142) (4,259,003) Child care and student care fee (4,120,667) (3,258,637) (4,120,667) (3,258,637) International service programme (1,207,221) (1,076,896) (1,207,221) (1,076,896) Student and child care subsidy from MSF (1,899,619) (1,853,670) (1,899,619) (1,853,670) Project Bridge VaSSP grant from JP Morgan Chase Foundation (259,980) (218,701) (259,980) (218,701) Youth For Cause grant from Citi Foundation (309,488) (171,318) (309,488) (171,318) YEP fundings from NYC (667,574) (352,228) (667,574) (352,228) Wage credit scheme (441,071) (257,435) (438,906) (257,435) Total resources expended for the year are arrived at after charging: - Commission 1,231,492 948,738 - - Contract Security 128,100 125,400 128,100 125,400 Donations to overseas 97,583 38,981 97,583 38,981 Depreciation (Note 3) 1,423,893 1,516,160 1,389,668 1,495,666 Food & beverages 750,589 657,077 750,589 657,077 Insurance 79,681 64,506 79,681 64,506 International service programme fee 1,412,324 1,138,047 1,412,324 1,138,047 License 120,649 109,152 120,441 108,402 Property Tax 392,917 174,400 392,917 174,400 Repair and maintenance 192,535 208,835 192,535 208,835 Utilities 329,885 495,646 329,885 495,646 Staff costs* comprise:- - Salaries and other costs 10,894,137 9,841,323 10,647,545 9,613,271 - Employer's contribution to CPF 1,394,123 1,215,346 1,355,898 1,183,371

*Includes key management personnel compensation as disclosed in Note 13.

82 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

13. KEY MANAGEMENT PERSONNEL COMPENSATION

Key management personnel of the Group and the Association are those having the authority and responsibility for planning, directing and controlling the activities of the Group and the Association. The members of the Board of Directors and the Senior Management Team are considered as key management personnel of the Group and the Association.

2015 2014 S$ S$

Key management personnel compensation comprises:- Salaries and other short-term employee benefits 725,443 623,236 Employer's contribution to CPF 57,272 49,687 782,715 672,923

The below disclosure represents remuneration bands for key management personnel with annual remuneration above S$100,000:-

2015 2014

S$200,000 - S$250,000 1 - S$150,001 - S$200,000 1 1 S$100,001 - S$150,000 3 3 5 4

None of the directors received any emoluments in respect of their service as directors of the Group and the Association for both of the financial years.

83 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

14. TAXATION

GROUP 2015 2014 S$ S$

Provision in respect of the results of the year - -

The reconciliation of the tax expense and the results for the financial year multiplied by the applicable tax rate is as follows: -

GROUP 2015 2014 S$ S$ Profit before taxation 1,738,771 2,219,039

Tax calculated at rate of 17% 295,591 377,237 Revenue not taxable for tax purpose (3,838,031) (3,606,688) Expenses not deductible for tax purpose 3,548,278 3,234,132 Effect of enhanced claim (8,825) (1,726) Unrecognised deferred tax assets / (liabilities) 2,987 (2,955) - -

The deferred tax assets are not recognised due to uncertainty of recovery.

The Association has been registered as a charity under the Charities Act and is exempted from income tax under the provisions of the Income Tax Act Cap. 134.

15. TAX EXEMPT DONATIONS

The Association received tax exempt donations amounting to S$920,694 (2014: S$1,564,787) during the financial year.

16. RELATED PARTY TRANSACTIONS

The following significant transactions took place between the Association and the subsidiary at mutually agreed terms during the financial year:-

ASSOCIATION 2015 2014 S$ S$

Donation income 861,503 735,669 Management fee income 1,684,725 1,836,319 Function room rental income 44,062 184,831

84 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

17. CAPITAL COMMITMENTS

Capital expenditure contracted but not provided for in the financial statements: -

GROUP AND ASSOCIATION 2015 2014 S$ S$ Computer software 207,750 - Renovation 159,160 209,145 366,910 209,145

18. OPERATING LEASE COMMITMENTS

Operating lease commitments – as lessee

Rental of copiers for the year amounted to S$45,421 and S$33,087 (2014: S$42,817 and S$32,442) for the Group and the Association respectively.

At the end of reporting period, the Group and the Association have committed to make the following non-cancellable lease payments in respect of the rent of copiers with a term of more than one year:-

GROUP ASSOCIATION 2015 2014 2015 2014 S$ S$ S$ S$

Within one year 41,303 45,676 29,483 33,724 After one year but within five years 74,584 91,871 43,602 61,683 115,887 137,547 73,085 95,407

Operating lease commitments – as lessor

Rental of premises for the year amounted to S$356,038 and S$356,038 (2014: S$361,922 and S$361,922) for the Group and the Association respectively.

At the end of reporting period, the Group and the Association have committed to receive the following non-cancellable lease payments in respect of the rent of the premises with a term of more than one year:-

GROUP AND ASSOCIATION 2015 2014 S$ S$

Within one year 372,156 361,910 After one year but within five years 66,588 147,589 438,744 509,499

None of the leases include contingent rent.

85 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

19. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The management of the Group monitors and manages the financial risk relating to the operations of the Group to ensure appropriate measures are implemented in a timely and effective manner. These risks include market risk, credit risk and liquidity risk.

Foreign Currency Risk

The Group has minimal dealings in foreign currencies and as such, the Group is not significantly exposed to foreign currency risk. Sensitivity analysis is not performed as the impact is not significant.

Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of the Group’s financial instruments will fluctuate because of changes in market interest rates. The Group’s interest rate exposure relates primarily to its investment portfolio in fixed deposits and bonds. At the end of reporting period, the Group is not significantly exposed to interest rate risk as the interest-bearing instruments mainly carry fixed interest. Sensitivity analysis is not performed as the impact is not significant.

Price Risk

The Group is exposed to securities price risk because of the investments held by the Group which are classified on the statement of financial position as available-for-sale financial assets. To manage its price risk arising from investments in securities, the Group diversifies its portfolio. Diversification of the portfolio is done in accordance with the asset allocation set by the Group, which is reviewed on a regular basis.

Credit Risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial loss to the Group. The Group has adopted the policy of only dealing with creditworthy counterparties as a means of mitigating the risk of financial loss from defaults. The Group does not expect to incur material credit losses on its financial assets.

The Group has no significant concentrations of credit risk.

Financial assets that are neither past due nor impaired

Receivables that are neither past due nor impaired are creditworthy debtors. Cash and cash equivalents that are neither past due nor impaired are placed with financial institutions with high credit ratings.

Financial assets that are either past due or impaired

Information regarding financial assets that are either past due or impaired is disclosed in Note 5.

Liquidity Risk

The Management manages the liquidity prudently and aims at maintaining an adequate level of liquidity. The Group has sufficient funds to support its operations.

The maturity profile of the Group’s financial liabilities is within twelve months from the end of reporting period for both years.

86 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

20. RESERVES POLICY

The following table sets out the reserves position as at the end of reporting period: -

GROUP AND ASSOCIATION 2015 2014 % Increase/ GROUP AND ASSOCIATION S$ S$ (Decrease)

Unrestricted Funds (*Reserves) - Accumulated Fund 19,436,883 18,350,955 6

Designated and Other Funds - Capital Replacement Fund 6,684,136 5,782,419 16 - Fair Value Reserve 38,239 577,116 (93) - Other Funds 1,556,828 1,763,007 (12) 27,716,086 26,473,497 Restricted Funds - Building Asset Capitalisation Reserve 2,065,147 2,179,878 (5) - Other Funds 141,222 183,917 (23) Total Funds 29,922,455 28,837,292

Ratio of *Reserves to relevant annual operating expenditure 2.90 3.28

The reserves that the Group has set aside provide financial stability and the means for the development of the Group’s principal activities. The Group targets for an optimum of three years of operating reserves from surpluses generated through its social enterprises. The Group has set aside a percentage of its surpluses for large scale asset renewal as capital replacement fund. These reserves will be critical when donations dry up or the economy is at a downturn and they allow the Group fundraising efforts to sustain its programmes and not to be detracted from fundraising for asset renewal purposes when the need arises.

The Board regularly reviews the amount of reserves that are required to ensure that they are adequate to fulfill the Group’s continuing obligations.

87 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

21. CLASSIFICATION OF FINANCIAL INSTRUMENTS

The following table sets out the financial instruments as at the end of reporting date:-

GROUP ASSOCIATION 2015 2014 2015 2014 S$ S$ S$ S$

Financial assets Available-for-sale financial assets 6,622,795 7,161,673 6,622,795 7,161,673 Loans and receivables:- Receivables 859,584 964,469 852,828 936,919 Deposits 41,803 40,927 41,803 38,424 Amount due from a subsidiary - - 797,081 342,712 Fixed deposits 12,201,230 12,146,997 12,201,230 12,146,997 Cash and bank balances 6,917,093 3,893,832 5,359,102 3,332,239

Total financial assets 26,642,505 24,207,898 25,874,839 23,958,964

Financial liabilities At amortised cost:- Payables and accruals 2,917,407 2,392,960 2,512,066 2,342,101

Total financial liabilities 2,917,407 2,392,960 2,512,066 2,342,101

22. CONTINGENT LIABILITY

As at 31 December 2015, a financial institution has issued letters of guarantee of S$48,000 (2014: S$227,935) to third parties on behalf of the Group and the Association. The letter of guarantee in year 2014 was charged on fixed deposits.

88 Impacting Lives, Nurturing Community Champions YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

23. FAIR VALUES

Fair value of financial instruments that are carried at fair value

Fair value hierarchy

The Group classifies fair value measurement using fair value hierarchy that reflects the significance of the inputs used in making the measurements. The fair value hierarchy has the following levels:

• Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities;

• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and

• Level 3 – Inputs for the asset or liability that is not based on observable market data (unobservable inputs).

Determination of fair value

Quoted bonds, equities and REITs: Fair value is determined directly by reference to their published market bid prices at the end of reporting period.

Available-for-sale financial assets of the Group and the Association measured at fair value of S$6,622,795 (2014: S$7,161,673) are sourced from quoted prices in active markets for identical investments which is included in Level 1.

Fair value of financial instruments that are not carried at fair value and whose carrying amounts are reasonable approximation of fair value

The carrying amounts of the financial assets (other than available-for-sale instruments) and financial liabilities are recorded in the financial statements at their approximate fair values, determined in accordance with the accounting policies disclosed in Note 2 to the financial statements.

89 YMCA of Singapore Annual Report 2015 YOUNG MEN’S CHRISTIAN ASSOCIATION OF SINGAPORE (UEN: S61SS0045E) AND ITS SUBSIDIARY

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2015

24. RECLASSIFICATION OF COMPARATIVES FIGURES

Certain reclassifications have been made to prior year’s financial statements to enhance comparability with current year’s financial statements. The reclassifications include the following:-

GROUP ASSOCIATION Before After Before After Statement of comprehensive income reclassification reclassification reclassification reclassification

2014 Income resources Donations 573,739 334,739 1,309,409 1,070,409 Education 4,284,269 4,537,895 - 253,626 Membership Fees and Activities 495,797 508,912 495,797 508,912 Other Income 958,003 704,377 2,689,169 2,435,543 Community Services 279,099 518,099 279,099 518,099 International Programmes 1,566,367 1,594,887 1,566,367 1,594,887

Resources expended Education 1,634,157 1,706,594 - 72,437 Membership Fees and Activities 811,083 824,111 811,083 824,111 Other Operating Expenses 1,271,454 1,199,017 1,271,454 1,199,017 International Programmes 1,522,828 1,561,115 1,522,828 1,561,115

25. NEW OR REVISED ACCOUNTING STANDARDS AND INTERPRETATIONS

Certain new accounting standards, amendments and interpretations to existing standards have been published that are mandatory for accounting periods beginning on or after 1 January 2016. The group does not expect that adoption of these accounting standards or interpretations will have a material impact on the group’s financial statements.

26. AUTHORISATION OF FINANCIAL STATEMENTS

The board of directors approved and authorised the financial statements for issue on 7 April 2016.

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92 Impacting Lives, Nurturing Community Champions

YMCA OF SINGAPORE 新加坡基督教青年会

One Orchard Road Singapore 238824 Tel: 65-6336 6000 Fax: 65-6336 8003 www.ymca.org.sg facebook.com/YMCA.Singapore ymcaofsingapore.blogspot.sg